Forest City Realty restarts deal talks with Brookfield: Reuters
Forest City Realty Trust Inc has restarted talks with Brookfield Asset Management for a takeover by the Canadian firm, Reuters reported, citing a Bloomberg story. The price under discussion is close to the range of US$25.00 to US$25.50 per share. The Cleveland-based real estate investment trust said in March it would not sell itself, following a strategic review, but agreed with activist investors to have nine directors resign and largely be replaced by independent nominees. Forest City Realty mainly focuses on office and apartment buildings in urban markets, as well as mixed-use urban developments.
18 June 2018•1 min read
