The translation of the heading is: "Whitestone REIT carefully considers acquisition offer from MCB Real Estate.

Whitestone REIT is facing a significant decision: The company is carefully reviewing the recent acquisition offer from MCB Real Estate of $15 per share. This offer values the shopping mall operator at approximately $1.45 billion, a sum that has triggered profound discussions about the fair valuation and future prospects of the company. Bruce Schanzer, chairman of Erez Asset Management and one of Whitestone's most active shareholders, considers the offer fair and recommends that the board engage in constructive talks with MCB. Schanzer emphasizes the credibility of MCB's Managing Partner David Bramble and highlights his role as a major shareholder. Other insiders agree with Schanzer and estimate Whitestone's value at $15 to $18 per share. After deducting transaction costs, estimated at approximately $0.50 to $0.75, a fair price of $15 to $15.50 per share is reached. Meanwhile, analysts report an optimistic growth outlook for Whitestone, supported by a projected FFO growth of 11% and five buy recommendations out of six analyst assessments. However, the takeover negotiations could prove challenging, as an expected increase in the offer price by merely $0.25 to $0.50 is seen as virtually irrelevant to the total trade value. Should Whitestone's board reject the dialogue, insiders suggest that David Bramble might consider a proxy campaign. Already in June, Bramble and MCB made an offer of $14 per share, which Whitestone rejected as unfairly valued. Nevertheless, various sources have confirmed that there have been discussions between the board and Bramble, without reaching an agreement.