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BRIEF-Land and Buildings says NSAM's Colony Capital, NRF merger "does not provide fair value to shareholders"
2016年6月6日 / 下午12点52分 / 1 年前

BRIEF-Land and Buildings says NSAM's Colony Capital, NRF merger "does not provide fair value to shareholders"

June 6 (Reuters) - Land And Buildings:

* Land and Buildings issues letter to Northstar Asset Management

* Land and Buildings says NSAM’s announced merger with Colony Capital and NRF “does not provide fair value to shareholders”

* Land and Buildings says Colony Capital likely to get 30 percent or more earnings accretion from merger; NSAM shareholders will only get “modest accretion”

* Land and Buildings calls for meeting with NSAM special committee

* Land and Buildings says has nominated six of eight directors for election to NSAM’s board

* Land and Buildings says “valuation closer to $20 per share is appropriate for NSAM” (Bengaluru Newsroom: +1-646-223-8780)

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