Mack-Cali board ends settlements talks with activist investor Jersey City-based real estate investment trust Mack-Cali Realty has terminated settlement talks with activist shareholder Bow Street, GlobeSt reported. In a statement, Mack-Cali accused the New York-based dissident investor of having a conflict of interest in launching its proxy battle more than a month ago. Bow Street, which about 4.5 percent of Mack-Cali stock, had sought the election of four candidates to the REIT’s board of directors. […]
source https://therealdeal.com/tristate/2019/05/21/mack-cali-board-ends-settlement-talks-american-dream-opening-day-delayed-again-and-more-north-jersey-real-estate-news/#new_tab
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