(24/7 MARKET NEWS) – Seritage Growth Properties (NYSE: SRG) announced, after yesterday’s market close, that it filed its preliminary proxy materials with the SEC in connection with the Company’s 2022 Annual Meeting of Shareholders. Seritage’s Board of Trustees unanimously recommends that the Company’s shareholders approve a proposed plan of sale of Seritage’s assets and dissolution that will allow the Board to sell all of the Company’s assets, distribute the net proceeds to shareholders and dissolve the Company.
Seritage is at $9.41, $3.33 higher (+54.77%), on 2.73 million shares traded, in this morning’s premarket.
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