Mack-Cali Reiterates and Clarifies Plan to Form a Committee of Independent Directors to Review Strategic Direction
Mack-Cali Realty Corporation (CLI)
Last mack-cali realty corporation earnings: 2/26 07:36 pm
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US:NYSE Investor Relations:
mackurban.com/investor-relations
Company Research
Source: PR Newswire
JERSEY CITY, N.J., June 5, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack-Cali") today reiterated the Company's previously announced commitment to form a committee of independent directors to review the Company's strategic direction (the "Strategic Review Committee" or the "Committee"). Mack-Cali also clarified the misinformation about the Committee's composition and mandate contained in certain public statements previously made by Bow Street Special Opportunities Fund XV, LP ("Bow Street").As previously announced, the Mack-Cali Board of Directors intends to form a Strategic Review Committee comprising solely independent directors to review the Company's strategic direction and all available alternatives for maximizing stockholder value, including a potential sale of the Company or certain of its assets. The Board expects to form the Committee immediately following the Company's upcoming Annual Meeting of Stockholders (the "Annual Meeting") sch
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