Piedmont Office Realty shareholders may tender shares through Dec. 18

By Lisa Kerner

Charlotte, N.C., Nov. 16 - Opportunity Investment Fund I, LLC launched a $4.60-per-share tender offer for 100,000 shares of Piedmont Office Realty Trust, Inc., it was announced on Monday.

The per-share offer price will be less the amount of any dividends declared or made with respect to the shares between Monday and Dec. 18, according to an Opportunity Investment news release.

Opportunity Investment will end the offer at 11:59 p.m. ET on Dec. 18.

The offer is not conditioned upon any minimum number of shares being tendered, and shares will be accepted on a first come, first served basis up to 100,000 shares, the release said.

Opportunity Investment in a Newport Beach, Calif., Delaware limited liability company with a minority interest in several real estate operating partnerships.

Piedmont Office Realty Trust's property portfolio primarily consists of office and industrial buildings, warehouses and manufacturing facilities. The company is located in Johns Creek, Ga.

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