Wesbild and Richmond Hill offer $10.50 per share to buy Reservoir Media shares they don’t own

Reuters03-05

Wesbild and Richmond Hill offer $10.50 per share to buy Reservoir Media shares they don’t own

Reservoir Media said it has received an unsolicited, preliminary non-binding proposal from shareholders Richmond Hill Investment Co. and Wesbild to buy all outstanding shares they do not already own for $10.50 per share in cash. The board has formed a special committee of independent directors to evaluate the proposal alongside a separate non-binding indication of interest from Irenic Capital Management and other potential alternatives, and said there is no assurance any deal will be reached or completed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reservoir Media Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202603041800ACCESSWRNAPR_____1143865) on March 04, 2026, and is solely responsible for the information contained therein.

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