TEL AVIV, Israel,
Feb. 23, 2022 /PRNewswire/ --
The Capri Family Foundation ("Capri") announced today that it had
received an updated fairness opinion of its financial advisor, MNS
Consulting Ltd. ("MNS Consulting"), in connection with its tender
offer to purchase 941,942 ordinary shares of Optibase Ltd.
("Optibase") (Nasdaq: OBAS) (TASE: OBAS). Capri commenced
the tender offer on February 15, 2022
and increased its offer price, to $12.64 per share, on February 18, 2022.
In the fairness opinion, MNS Consulting stated that,
subject to terms and conditions set out therein, the increased
offer price, $12.64 per share, is
fair, from a financial point of view, to the holders of Optibase
shares who are not affiliated with Optibase.
Capri also announced that it had extended the expiration
date of the tender offer to 10:00
a.m., New York time
(5:00 p.m. Israel time), on March
22, 2022, unless further extended by Capri.
The complete terms and conditions of the tender offer,
including important U.S. and Israeli income and withholding tax
considerations relating to the tender offer, are contained in the
Offer to Purchase included as an exhibit to the Tender Offer
Statement on Schedule TO filed with the U.S. Securities and
Exchange Commission (the "SEC") and with the Israel Securities
Authority ("ISA"). Capri is amending the Schedule TO today to add
the updated fairness opinion of MNS Consulting as an exhibit and to
update other matters that relate to the increased offer price and
the new expiration date. American Stock Transfer & Trust
Company is the U.S Depositary for the offer and Israel Brokerage
& Investments - I.B.I. - Ltd. is the Israeli Depositary for the
offer.
Important Information: This is
not an offer to buy or the solicitation of an offer to sell any
ordinary shares of Optibase. The tender offer that is described in
this press release is only being made through the Offer to
Purchase, Letter of Transmittal and related tender offer documents.
All shareholders of Optibase should read the tender offer materials
which have been filed by Capri. Shareholders of Optibase should
read the tender offer materials because they contain important
information about the tender offer. The tender offer materials and
other filed documents are available at no charge on the SEC's
website at
http://www.sec.gov and on
the ISA's website at http://www.magna.isa.gov.il, and also are
available without charge to all shareholders by contacting D.F.
King & Co., Inc., the information agent for the tender offer,
at (800) 829-6554 or (212) 269-5550 (banks and brokers).
Shareholders are urged to read these materials carefully before
making any decision with respect to the tender
offer.
Forward-Looking Statements: This press
release may contain forward-looking statements. The accuracy of
such statements is subject to a number of risks, uncertainties and
assumptions that may cause actual results to differ materially from
those projected, including, but not limited to, the effect of
general economic conditions, political events and fluctuations in
the share price of Optibase. These statements are based on
information available at the time of the press release and Capri
undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events
or otherwise (except as required by law).
About Capri: Capri is a foundation
organized under the laws of the Republic of Panama.
The Information Agent in the offer
is:
D.F. King & Co.,
Inc.
48 Wall Street, 22nd
Floor
New York, NY
10005
(800)
829-6554
(212) 269-5550 (banks and
brokers)
optibase@dfking.com
View original
content:https://www.prnewswire.com/news-releases/the-capri-family-foundation-files-updated-fairness-opinion-extends-expiration-date-of-its-tender-offer-for-shares-of-optibase-ltd-nasdaq-obas-301488562.html
SOURCE Capri Family Foundation