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Stock impact report

SL Green Likely to Be Lead Bidder in Building's Bankruptcy Sale [MarketWatch]

SL Green Realty Corp (SLG) 
Last sl green realty corp earnings: 4/22 05:01 pm Check Earnings Report
US:NYSE Investor Relations: slgreen.gcs-web.com/investor-relations
Company Research Source: MarketWatch
former business partner SL Green Realty Corp. would serve as lead bidder in the skyscraper's chapter 11 sale process. Terms weren't disclosed during the update provided Thursday in the U.S. Bankruptcy Court in Wilmington, Del. But earlier this year Chinese conglomerate HNA Group Co., which is a backer of PWM Property Management, was told in an arbitration proceeding that it must pay SL Green roughly $185 million in a dispute over the real estate. Besides managing the building, SL Green also invested $148 million in the property. Write to Becky Yerak at becky.yerak@wsj.com Show less Read more
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