NEW YORK (MarketWatch) — Stakeholders in the private company that owns the Empire State Building have approved the plan to sell the historic building through an initial public offering as part of a real estate investment trust called Empire State Realty Trust Inc., Reuters reported on Wednesday, citing a regulatory filing. The plan required 80% of the units to be voted in favor, and the outcome follows more than a year of fighting between Malkin Holdings PLC, which has spearheaded the plan, and a small group of investors.
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Shareholders OK IPO plan for Empire State Building is a post from: The Forex Trading System Blog
