Forest City Realty won’t be going through with a sale after all, despite initially attracting more than 50 potential buyers, the real estate investment trust announced on Wednesday. Instead, the company is shifting control of its board further away from the Ratner family. Hedge funds Starboard Value and Scopia Capital Management, which respectively own 3 and 8.3 percent of the REIT’s outstanding shares, will each be permitted to appoint an additional director to the company’s […]
source https://therealdeal.com/2018/03/22/forest-city-changing-up-board-wont-pursue-sale-for-now/
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