.The announcement would seem to mark the close of a year-long effort by the company's two top executives, Daniel M. Gottlieb and Steven D. Lebowitz, to buy all the shares they don't already own and to remove the company's stock from trading on the New York Stock Exchange.
Gottlieb, the trust's CEO, is the "G" in G&L Realty. Lebowitz, the REIT's president, is the "L."
The two executives offered to pay $10 a share cash for the common shares they don't already own when they launched their buyout proposal last fall. They raised the offer to $11 a share in February, then to $11.25.
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