Mack-Cali Realty Corp. rejected an offer of more than $2.4 billion for its prime waterfront and suburban properties, putting in motion an apparent hostile takeover attempt of the board of one of New Jersey's largest real estate investment trusts.
Mack-Cali Rejects Offer of More Than $2 Billion for New Jersey Waterfront Portfolio
Potential Buyer Seeks to Elect Six Directors at REIT in Attempt at Board Takeover
By Linda Moss
CoStar News
March 18, 2019 | 3:03 P.M.
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