By Ilaina Jonas and Jonathan Stempel Thu Mar 1, 2012 10:12pm GMT
"(Reuters) - Several investors have sued to block a proposed initial public offering by the owner of the Empire State Building, saying it unfairly undervalues their interests.The Malkin family, which controls the company that owns the iconic 102-story skyscraper, is trying to engineer a "one-sided" transaction that leaves smaller investors in the dark about whether the possible $1 billion IPO is fair, a complaint filed Thursday with the New York state court in Manhattan showed."
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"(Reuters) - Several investors have sued to block a proposed initial public offering by the owner of the Empire State Building, saying it unfairly undervalues their interests.The Malkin family, which controls the company that owns the iconic 102-story skyscraper, is trying to engineer a "one-sided" transaction that leaves smaller investors in the dark about whether the possible $1 billion IPO is fair, a complaint filed Thursday with the New York state court in Manhattan showed."
Click here for link to article.