Empire State Building owners received two unsolicited offers to buy the iconic building for US$2.1 billion and US$2 billion.
Tags: Empire State Building
Starbucks to brew in Italy
A negotiation between the U.S. company and Italian businessman Antonio Percassi to bringing Starbucks to Italy is already in process. The agreement is set to be finalized this coming Christmas according to the newspaper Corriere della Serra.
Empire State Building investors claim losing $410M in IPO, file lawsuit against New York skyscraper's managers
Empire State Building investors on December 24 filed a class-action lawsuit in a Manhattan state court against the New York skyscraper's managers. The said investors claim they were deprived of $410 million in profit in Empire State Building's initial public offering.
Opponents of Empire State IPO asks appeals court to declare buyout provision illegal
Investors who had opposed the initial public offering of the Empire State Building asked a Manhattan appeals court to rule a USD 100 per unit buyout provision in the IPO plan illegal.
Empire State Realty Trust debuts at the New York Stock Exchange at USD 13 per share
Empire State Realty Trust debuted on the New York Stock Exchange at USD 13.10 per share. Empire State Building owner Empire State Realty Trust Inc debuted on the New York Stock Exchange on Wednesday.
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Judge rules the share-buyout provision in the offer is not violative of the law. In a ruling, a New York judge set aside a potential obstacle to sell the Empire State Building as part of an REIT IPO.
A judge of the New York State Supreme Court is set to decide on whether the buyout provision for opposing investors is legal in the Empire State REIT case.
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