Orange Capital LLC:
- Makes binding cash offer to buy League Assets Corp's interest in Partners REIT and the Lapp Global Asset Management Corp. Partners REIT Management Agreement
- Orange offered to purchase League's right, title and interest in the Partners REIT management agreement
- Orange's offer is for $6.00 all-cash purchase price; aggregate proceeds of approximately $27 million to League Estate
- Says "Partners REIT is engaged in a strategic review process that is highly unlikely to yield an en-bloc offer at an all-cash premium"
- Says informed the court appointed monitor and League that it is open to discussing offer in detail to come to an agreement quickly
- Says offer to purchase the 3.9 million units of Partners REIT owned by IGW Public LP, a subsidiary of League
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