« The survey says! | Main | MAS, Hillary call for more time on DEIS »
August 10, 2006
Forest City Enterprises and Forest City Ratner Agree to Restructure New York City Portfolio
Whoa! Just one short week after announcing they were in talks, Forest City Enterprises and its subsidiary Forest City Ratner have reached an agreement for the parent company to buy Bruce Ratner's share of the company.
Brooklyn Papers, Ratner’s Ohio family chips in
Brooklyn Papers focuses on the fact that the company is publicly traded.
Bruce Ratner has called in the big guns — his cousins Charles and Albert — for a cash infusion just as his Atlantic Yards development nears state approval.
Ratner announced last week that he is planning to sell all his shares of his firm, Forest City Ratner Companies, to Forest City Enterprises, the publicly traded behemoth founded by his grandfather in 1921 and run by his two cousins.
...
“Decent move today,” proclaimed a Yahoo instant-messenger named Richmanspoor, calling FCE stock a “strong buy.”
Last week NoLandGrab pointed out the dark side of the deal — the fact that Bruce Ratner has had trouble raising capital for this plan from the very start.
Posted by lumi at August 10, 2006 11:40 PM