NEW YORK CITY-Rubin Schron, the owner of the landmark Woolworth building, has submitted an offer to acquire the Empire State Building for $2 billion.
The offer is seen as a last minute attempt to thwart the plans of Malkin Holdings to have the storied Empire State Building as part of a new $5-billion public real estate company, according to Crain's New York Business.
“Mr. Schron's offer is real and is backed by $50 million," says attorney Stephen Meister, who is representing a group of dissident Empire State Building shareholders who are against the public offering. “Malkin Holdings does not guaranty the value of the REIT stock. Malkin owes it to the investors to explore this offer.”
A Malkin Holdings spokesman tells GlobeSt.com the firm has no comment on Schron's offer. See story in Crain's New York Business.
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