A Canadian real estate company said Monday it has offered about $211 million for the U.S. regional TV and radio station owner Fisher Communications Inc. but said the offer had been rejected. Fisher shares jumped nearly 10 percent in pre-market trading.

Huntingdon Real Estate Investment Trust, a Canadian company that leases property, said Monday it is offering to pay $23.99 per share for Fisher with a combination of cash and stock. That’s a premium of 10 percent over Fisher’s last closing share price of $21.80. It would value the company at about $211 million, given the number of shares Fisher had outstanding on Nov. 1.

Fisher, which operates a group of 28 broadcast stations in Washington state, Oregon and Idaho, did not immediately return calls seeking comment on the offer Monday morning.

Huntingdon said Fisher has rejected the bid. In a letter to Fisher’s board, Huntingdon CEO Zachary George criticized the company’s directors for shooting down the offer only four days after it was made on Dec. 6.

“We ask that you reconsider your hasty decision to reject our proposal,” he said.

Fisher shares rose $2.15, or 9.9 percent, to $23.95 in pre-market trading.