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Reckson Postpones Shareholders Meeting

NEW YORK CITY-The special meeting to vote on the merger with SL Green has been pushed back by almost a week.

By Katie Hinderer | Updated on November 20, 2006

NEW YORK CITY-Today Reckson Associates Realty Corp. announced its shareholder meeting to vote on the proposed merger with SL Green Realty Corp. will be postponed until Nov. 28, 2006. The meeting was originally to take place on Wednesday but last week Rome Acquisitions, a partnership of developer Carl Icahn and Macklowe Properties, submitted a merger proposal worth more than SL Green’s.

Reckson is now considering Rome’s proposal, which will give shareholders $49 per share in cash. After news broke of the new offer, executives at SL Green issued a statement that questioned the credibility of the new offer.

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