Tags: Empire | building | IPO | plan

Empire State Building Investors Approve IPO Plan

Wednesday, 29 May 2013 11:03 AM

 

A plan to roll the Empire State Building into a publicly traded company reached a critical threshold of investor approval on Wednesday, clearing the way for the public to own a piece of the landmark.

After more than a year of contentious relations between Malkin Holdings, which has spearheaded the plan, and a small group of investors, holders of more than 80 percent of the units of ownership in the 102-story skyscraper in New York's midtown Manhattan approved the plan to fold the skyscraper into a newly created real estate investment trust called Empire State Realty Trust Inc. The approval was disclosed in a U.S. Securities and Exchange Commission filing.

 

 

 

 

© 2015 Thomson/Reuters. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved