Centerline Holding Co (fka CLNH)

[pennyvestor]

Hunt to Acquire Outstanding Common Shares of Centerline for $39.89 Per Share

New York, NY - June 12, 2013 - Centerline Holding Company (CLNH) ("Centerline" or the "Company") and Hunt Capital Partners, LLC, the affordable housing division and an affiliate of Hunt Companies, Inc. ("Hunt"), today announced the entry into a definitive agreement and plan of merger (the "Merger Agreement") between the Company and an affiliate of Hunt under which an affiliate of Hunt will acquire through a merger all of the outstanding Common Shares of the Company that Hunt or its affiliates do not already own for cash consideration of $39.89 per share. In April 2013, an affiliate of Hunt acquired 978,274 of the Common Shares of the Company, representing approximately 41% of the Common Shares outstanding.

http://finance.yahoo.com/news/centerline-holding-company-hunt-announce-130505261.html