HERZLIYA, Israel, Dec. 2, 2021 /PRNewswire/ -- Optibase Ltd.
(NASDAQ: OBAS) today confirmed that it has received notice that The
Capri Family Foundation, a foundation organized under the laws of
the Republic of Panama (the
"Bidder") and Shlomo (Tom) Wyler
have commended an unsolicited tender offer to purchase 959,837
outstanding ordinary shares, nominal (par) value NIS 0.65 per share (the "Shares"), of Optibase
Ltd. (the "Company"), not already owned by the Bidder group, at
$11.20 per Share, net to the seller
in cash, less any applicable withholding taxes, and without
interest (the "Offer").
On or before December 14, 2021,
the Company will file with the Securities and Exchange Commission a
Solicitation/Recommendation Statement on Schedule 14D-9 to advise
you as to whether the Company recommends acceptance or rejection of
the Offer, expresses no opinion and remains neutral to the Offer,
or is unable to take a position with respect to the Offer, and the
reasons for that position or inability to take a position.
The Company requests that you defer making a determination
whether to accept or reject the Offer until you have been advised
of the Company's position with respect to the Offer.
Additional Information:
This communication is for informational purposes only, and it
does not constitute an offer to purchase or a solicitation of an
offer to sell any securities. In response to the tender offer
commenced by The Capri Family Foundation, a foundation organized
under the laws of the Republic of Panama and Shlomo
(Tom) Wyler, the Company will file a
solicitation/recommendation statement on Schedule 14D-9 with
respect to the tender offer. The solicitation/recommendation
statement will contain important information that should be read
carefully before any decision is made with respect to the tender
offer. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO
READ THE SOLICITATION/RECOMMENDATION STATEMENT AND OTHER DOCUMENTS
FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Such
materials will be made available to the Company's shareholders at
no expense to them in the Investor Relations section of the
Company's web site at http: www.optibase-holdings.com. In addition,
such materials (and all other offer documents filed with the SEC)
will be available at no charge on the SEC website: www.sec.gov.
Cautionary Statement Regarding Forward Looking
Statements
Certain statements in this communication are forward-looking
statements. These statements relate to future events and are made
based on management's current expectations which involve risks,
uncertainties and other factors that could cause results to differ
materially from those expressed in forward-looking statements.
These statements involve a number of risks and uncertainties
including, but not limited to, risks and uncertainties associated
with the tender offer or any other offer or proposal, the outcome
of any litigation related to the tender offer or any other offer or
proposal, the Board's recommendation to the shareholders concerning
the tender offer or any other offer or proposal, difficulties in
finding suitable real-estate properties for investment,
availability of financing for the acquisition of real-estate,
difficulties in leasing of real-estate properties, insolvency of
tenants, difficulties in the disposition of real-estate projects,
risk relating to collaborative arrangements with our partners
relating to our real-estate properties, risks relating to the full
consummation of the transaction for the sale of our video solutions
business, general economic conditions and other risk factors.
For a more detailed discussion of these and other risks that may
cause actual results to differ from the forward looking statements
in this press release, please refer to Optibase's most recent
annual report on Form 20-F. The Company does not undertake any
obligation to update forward-looking statements made
herein.
About Optibase
Optibase invests in the fixed-income real estate field and
currently holds properties and beneficial interest
in real-estate assets and projects in Switzerland, Texas, Philadelphia,
PA, Miami, FL, and in
Chicago, IL, USA and is currently
looking for additional real estate investment opportunities.
Optibase was previously engaged in the field of digital video
technologies until the sale of its video solutions business to
Optibase Technologies Ltd., a wholly owned subsidiary of VITEC
Multimedia in July 2010. For further
information, please visit www.optibase-holdings.com.
Media Contacts:
Amir Philips, CEO, Optibase Ltd.
011-972-73-7073-700
info@optibase-holdings.com
Investor Relations Contact:
Marybeth Csaby, for Optibase
+1- 917-664-3055
Marybeth.Csaby@gmail.com
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SOURCE Optibase Ltd.