That suggests a reversal in strategy. FCRT in March, after its board concluded a six-month review of strategic alternatives, announced that it would remain a standalone company, albeit while replacing 9 of 13 board members, with new roles for hedge funds critical of the company, and further diminishing the role of the founding Ratner family.
(My long retrospective on Forest City Ratner/Forest City New York for The Bridge was timed to appear just before the parent company's expected decision.)
Two potential transactions before March
News coverage before that March announcement concerned two rumored transactions, one with Chicago-based Equity Commonwealth, the other with Brookfield Asset Management. A large company (Brookfield, suggested …