Tuesday, June 28, 2016

Alternate slate proposed to block JBG-New York REIT merger

The most vocal critic of New York REIT Inc.’s proposed merger with Chevy Chase-based The JBG Cos. has submitted an alternate slate of directors to serve on the publicly traded investment trust’s board, with the stated goal of derailing the deal. WW Investors LLC warned in a notice filed Monday with the Securities and Exchange Commission that the deal “would cause material and permanent destruction” of New York REIT’s shareholder value if it’s allowed to happen. WW Investors co-owners Michael Ashner…



from http://www.bizjournals.com/baltimore/news/2016/06/28/alternate-slate-proposed-to-block-jbg-new-york.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/146611344022

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