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00:02Aries management agreed to acquire Whitestone REIT in an all-cash deal valued at about $1.7
00:07billion, the company said Thursday, according to the Wall Street Journal. Aries will pay $19
00:12per share, a 12% premium to Whitestone's $16.94 closing price on Wednesday. The offer is 26%
00:18above the $15.02 closing price on March 5th, before reports that the REIT was exploring a
00:22sale. The transaction is expected to close in the third quarter. Whitestone shares rose 11%
00:27to $18.79 in pre-market trading following the announcement. Aries reported nearly $623 billion
00:32in assets under management at the end of 2025. For all things money, visit Benzinga.com.
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