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Mack-Cali Realty says Bow Street settlement proposal unacceptable, 'dangerously unfair'

( May 20, 2019, 20:39 GMT | Official Statement) -- MLex summary: Real estate investment trust Mack-Cali Realty said that a revised settlement agreement proposed by investor Bow Street Special Opportunities Fund was unacceptable and "would result in a clear conflict of interest and a dangerously unfair process that would position the hedge fund to profit at the expense of all other Mack-Cali stockholders," according to a statement. The company said the investor had rejected an earlier tentative agreement under which the board would have supported two Bow Street director nominees and a strategic review committee would have been established.Statement follows below:...

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