Forest City Realty's ex-CEO plans to oppose deal with Brookfield: WSJ [Seeking Alpha]
FOREST CITY ENTERPRISES (FCE.A)
US:NYSE Investor Relations:
ir.forestcity.net
Company Research
Source: Seeking Alpha
Albert Ratner, a former CEO of Forest City Realty Trust ( FCE.A ) and the son of one of the REIT's founders, plans to oppose a deal to sell the company to Brookfield Asset Management ( BAM ) for about $6.8B, the Wall Street Journal reports, citing people familiar with the matter. Ratner plans to send a public letter claiming the deal was agreed to at the wrong price, at the wrong time, through a flawed process. Ratner controls almost 1% of the REIT's stock. Two activist investors have agreed to support the deal. Shareholders are set to vote on the transaction on Nov. 15. Previously: Forest City agrees to be acquired by Brookfield in $11.4B transaction (July 31) Click to subscribe to real-time analytics on BAM Now read: Lazard Ltd. 2018 Q3 - Results - Earnings Call Slides » Subscribe for full text news in your inbox
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