1. Litt Says Mack-Cali May Have Turned Away Unidentified Suitor

    Litt Says Mack-Cali May Have Turned Away Unidentified Suitor

    (Bloomberg) -- Activist investor Jonathan Litt says his hedge fund learned that a potential buyer was interested in making a fully financed bid for Mack-Cali Realty Corp. In a letter to the real estate investment trust’s board, Litt, the founder of Land & Buildings Investment Management, said the directors should consider the potential offer. Litt, saying his firm now owns more than 2 percent of Mack-Cali, didn’t identify the possible buyer in the Sept. 5 letter obtained by Bloomberg News...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Quotes

    1. A representative for a potential acquirer of Mack-Cali Realty informed Land & Buildings of their interest in acquiring the company with a fully financed bid at a significant premium to the current Mack-Cali share price.
  3. Topics Mentioned

  4. Authors