Olshan Client Freestone Capital Management, LLC Reaches Agreement with Owens Realty Mortgage, Inc. (ORM) for Share Repurchase
Olshan client Freestone Capital Management, LLC (together with certain affiliates, “Freestone”) has entered into an agreement with Owens Realty Mortgage, Inc. (“ORM”). Under the agreement, ORM agreed to purchase all of the shares beneficially owned by Freestone for $19.25 per share. Pursuant to the agreement, Freestone has agreed to certain customary standstill provisions for a period of five years following the date of the agreement. In addition, the parties agreed to certain mutual and customary covenants not to sue and non-disparagement provisions for a period of two years following the date of the agreement and to customary releases with respect to claims relating to the investment by Freestone in ORM. Olshan represented Freestone in connection with its investment in ORM.