Tuesday, September 12, 2017

Forest City Says It's Considering Options Including a Merger

Image result for forest city mergerForest City Realty Trust Inc., a property company that’s faced pressure from an activist investor, said it’s considering alternatives to increase shareholder value, including a potential merger or acquisition.

The Cleveland-based real estate investment trust, with $8.2 billion in assets, will look at a range of options while it continues its current strategies, according to a statement Monday. In the past several years, Forest City has worked to pay down debt, reduce complexity and reform its corporate governance while focusing on core urban markets.. . . more

No comments: