Chambers Street Properties (“Chambers Street” or the “Company”)
announced today that it has commenced a modified “Dutch Auction” Tender
Offer to purchase up to $125 million in value of its Common Shares of
Beneficial Ownership from its shareholders. Under the terms of the
Tender Offer, the Company intends to select the lowest price, not
greater than $10.60 per share nor less than $10.10 per Common Share, net
to the tendering shareholder in cash, less any applicable withholding
taxes and without interest, which would allow Chambers Street to
purchase up to the full $125 million in value of its Common Shares, or a
lower amount depending upon the number of Common Shares properly
tendered and not withdrawn. Shareholders may tender all or a portion of
See full press release
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