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Forest City expects "strategic review process" concluded by March 21. Breakup, merger, absorption coming?

Could Forest City Realty Trust, parent of Forest City New York, be approaching its dissolution? A press release yesterday from Forest City Realty Trust buries the lead:
Forest City Further Extends Nomination Window for 2018 Annual Meeting of Stockholders to Conclude the Strategic Review Process
CLEVELAND, Feb. 22, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) ("Forest City" or the "Company") today issued the following statement:
As the Board of Directors' previously announced process to review operating, strategic, financial and structural options to enhance stockholder value remains ongoing, the Board has extended the window by which the Company must receive proper written advance notice of the nomination of a director candidate at its 2018 Annual Meeting of Stockholders. The nomination window, which commenced on December 3, 2017, will now extend to 5:00 p.m. Eastern Time on March 21, 2018. The Board intends to conclude the strategic review process prior to expiration of the extended nomination window. The date and location of the 2018 Annual Meeting of Stockholders has yet to be announced. The Company does not intend to comment further on the progress or status of the review process unless the Company determines that further disclosure is appropriate or required by law.
(Emphasis added)

The company's initial statement about a potential disposition came last September, and reports of two possible deals--one with Equity Commonwealth, the other with Brookfield Asset Management--have been floated in the media.

The new timetable, however, is a bit of a surprise. Just two weeks ago, when Forest City Realty Trust released quarterly earnings results and held a conference call with investment analysts, CEO David LaRue described discussions of a potential sale or strategic dispositions as “robust” but not necessarily “timely.”

Note that the Real Deal suggested that Forest City would more likely be sold in full, not in pieces.

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