Some to resist Reckson merger

Unhappy with what they see as a failure by Reckson Associates Realty Corporation to maximize the value of their stock, two Reckson shareholders have indicated that they will vote against the company’s proposed $6-billion merger with SL Green at a November 22 board meeting. Two-thirds of Reckson’s board must approve the merger for it to go through. more [GlobeSt]