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Michael DeMarco, CEO of Mack-Cali Realty Corp. Michael DeMarco, CEO of Mack-Cali Realty Corp.

JERSEY CITY, NJ—Mack-Cali Realty Corp., in response to criticism leveled last week by dissident shareholder group Bow Street LLC, stated that it is committed to maximizing shareholder value and its Board is open to acquisition proposals.

Mack-Cali Realty charged that Bow Street in last week’s letter to shareholders that called for the removal of Mack-Cali CEO Michael DeMarco, similar to its 2019 proxy contest, “intends to engage in a campaign based on deception, falsehoods and other dishonest tactics to advance its self-serving agenda.”

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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