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FINANCIAL NEWS
A huge offer to purchase Empire Estate made by an unknown Arab
27 Jun 2013
(MENAFN) An anonymous from the Arabic region has made an enormous offer to behold the famous American Land mark “Empire state” following the original owner’s decision to put the historic building on initial public offering, times of Oman published.
The undisclosed deal valued at USD2.1 billion to be paid in cash as surpassing another worth-close offer made by property investor and part-owner of New York’s Woolworth Building ,Rubin Schron, The competitive offer amounts to USD2 billion.
The Empire Estate will be integrated in a multi-office building IPO by Malkin Holdings subsequent to the go ahead taken by investors.
Mark holdings elaborated: “We are reviewing the offers and their terms. We consider all matters, including unsolicited offers, consistent with our fiduciary duties, to form a judgment on what action is appropriate. We do not intend to issue a comment until after our review.”
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