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CatchMark (CTT) declines to make firm offer to buy Phaunos Timber FundCatchMark Timber Trust (CTT +0.6%) says it won't make an offer to acquire Phaunos Timber Fund Ltd. (OTC:PHALF), a Channel Islands-domiciled, closed-end real-estate fund. CTT made no explanation on why it decided not to move forward with a firm offer. Earlier this month, CatchMark announced a potential offer for Phaunos valued at 57 cents per share in shares of CatchMark class A common stock. -------------------------------------------- Have GTC order in at $11.85/share to add to current shares. Probably better for long term shareholders stay in the region where management has experience. Oregon and S. East timber holdings. That's pretty good diversification for the current size of the company ($583mln market cap). EKS |
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| Msg # | Subject | Author | Recs | Date Posted |
| 10978 | Re: CatchMark (CTT) declines to make firm offer to buy Phaunos Timber Fund | rlp2451 | 1 | 9/21/2018 11:33:21 AM |
