Boca firm trying to buy 30 properties from Sizeler [South Florida]
Sizeler Property Investors Inc. is no stranger to bruising shareholder fights. Only last year, the Louisiana-based real estate investment trust with a West Palm Beach office jumped into the ring with dissidents looking for seats on its board.
The new battle it faces is just as fierce, and the stakes are higher: Too small to continue as a real estate investment trust, Sizeler is holding a going-out-of-business sale. On the block are 30 of its retail and apartment properties.
Boca Raton’s Compson Holdings Corp. jumped at the chance to buy all 30. It offered $15.50 a share or about $332.5 million.