Forest City Says It Will Consider A Sale, Merger Or Other Alternatives To Enhance Shareholder Value

9/13/17

Cleveland-based Forest City Realty Trust Inc., which owns properties in Northern and Central Virginia, announced Tuesday it is beginning a process to consider alternatives, including a sale or merger, to enhance stockholder value.

Such alternatives could include “an accelerated and enhanced operating plan, structural alternatives for the company’s assets, and potential merger, acquisition or sale transactions,” Forest City said in a statement.

"The board believes thoroughly evaluating all alternatives, while simultaneously continuing to execute on our current strategies and supporting our associates in doing so, are the appropriate steps to assess how best to unlock stockholder value," James A. Ratner, non-executive chairman of the board, said in a statement.

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