NorthStar/RXR Appoints Special Committee to Explore Strategic Alternatives
May 15, 2018 | Beth Glavosek | Blue Vault
The board of directors of NorthStar/RXR New York Metro Real Estate has formed a Special Committee to explore strategic alternatives, including, among others, a capital raise, restructuring, merger, joint venture, disposition of some or all of NorthStar/RXR’s assets and other liquidity options. The formation of the Special Committee and its strategic review reflects the Board’s continued commitment to act in the best interests of NorthStar/RXR and maximize stockholder value.
NorthStar/RXR does not intend to disclose further developments until the Special Committee has approved a specific action or determined that further disclosure is appropriate.
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