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Article: SL Green Realty Corp. to Acquire Reckson Associates Realty Corp.
- Article from:
- Business Wire
- Article date:
- August 3, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
SL GREEN REALTY CORP. TO ACQUIRE RECKSON ASSOCIATES REALTY CORP.
SL Green Realty Corp. (NYSE: SLG) and Reckson Associates Realty Corp. (NYSE: RA) announced today that they have entered into a definitive agreement pursuant to which SL Green will acquire Reckson for approximately $6.0 billion including the assumption of Reckson's outstanding debt totaling approximately $2.0 billion.
The transaction has been approved by both companies' boards of directors and is expected to close in January 2007. It is subject ...