CatchMark Declines to Make Firm Offer to Acquire Phaunos Timber Fund Limited
Staff Report From Metro Atlanta CEO
Monday, September 24th, 2018
CatchMark Timber Trust, Inc.announced the company has determined not to make an offer to acquire Phaunos Timber Fund Limited, a Channel Islands domiciled, closed-end real estate fund.
Earlier this month, CatchMark announced a potential offer for Phaunos, which valued Phaunos at $0.57 per share to be paid in new shares of CatchMark Class A common stock.
