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Mack-Cali Realty receives notice of director nominations from Bow Street.

Mack-Cali Realty announced receipt of a notice from Bow Street Special Opportunities Fund XV, LP of its intent to nominate a majority slate of six candidates to stand for election to the Board of Directors of the company at the company's 2019 Annual Meeting of Stockholders. The nominations follow the unanimous rejection by the company's Board of Directors of an unsolicited proposal from Bow Street and David Werner Real Estate Investments to acquire for cash Mack-Cali's suburban and waterfront office assets in a complex transaction in which Roseland and other residential assets of the company would be spun-off to Mack-Cali stockholders as a newly-formed, publicly-traded residential REIT.

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Publication:The Fly
Date:Mar 18, 2019
Words:107
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