The deal is expected to close anywhere from six to nine monthsfrom now, depending on regulatory approvals and of course, theshareholders' vote. It is also subject to other outside offers,which Station is allowed to entertain for the next 30 days.
"The special committee, with the assistance of its independentadvisors, intends to solicit acquisition proposals during thisperiod," a company statement explains. "There can be no assurancesthat the solicitation of acquisition proposals will result in analternative transaction. Station does not intend to disclosedevelopments with respect to this solicitation process unless anduntil the special committee has made a decision with respect to thealternative proposals it receives, if any."
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
