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July 10, 2014
15:59 EDTAMRE, REGJCP, Schechter call Regency offer for AmREIT 'deeply inadequate'
JCP Investment Management and Joshua Schechter, long-term shareholders in AmREIT (AMRE) with collective ownership of approximately 1.7%, announced that after review and consideration of the unsolicited proposal submitted today to the board of directors of AmREIT by Regency Centers(REG), in which Regency offers to acquire all of the outstanding shares of AmREIT for $22.00 per share in cash or stock, that JCP and Schechter have concluded that the Regency proposal is "deeply inadequate and significantly undervalues the company." JCP Investment and Schechter urge the board to immediately retain a nationally recognized investment bank and commence a process to explore and evaluate all strategic alternatives available, including a sale of the company with a goal of maximizing shareholder value.
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