Forest City Realty Trust’s former CEO plans to vote against the Brookfield Asset Management acquisition, claiming the stock was undervalued and the acquisition process shoddy. In an open letter, Albert Ratner, who controls nearly 1 percent of Forest City’s stock, argued the $6.8 billion deal has the wrong price and wrong timing, the Wall Street Journal reported. Ratner argued it “resulted from a flawed process” and Forest City could have a higher value by waiting […]
source https://therealdeal.com/2018/10/26/forest-citys-former-ceo-albert-ratner-opposes-the-brookfield-deal/
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