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Milestone delays shareholder meeting amid calls for higher Starwood bid

Mar 3, 2017 - SNL Real Estate Daily

Milestone Apartments Real Estate Investment Trust postponed its special shareholders meeting, which was meant to vote on its proposed takeover by Starwood Capital Group, in the midst of calls to seek a better offer and reports that the company was asking Starwood to raise its bid.

Reuters reported Feb. 27 that Milestone and Starwood had reopened talks on Starwood's $16.15-per-share offer for the REIT, citing people familiar with the situation.

That report followed a recommendation fr

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