RE Rumor Mill: Vornado, Starwood, Rockrose

Law360, New York (March 12, 2014, 5:55 PM EDT) -- Vornado Realty Trust is considering merging its suburban shopping center portfolio with San Diego-based Retail Opportunity Investments Corp., The Wall Street Journal reported. In connection with the deal, Vornado would spin off its strip malls into a separate company that would then merge with ROIC, and Vornado shareholders would receive a majority stake in the combined company in lieu of cash, according to the WSJ. The deal is not set in stone, sources told the paper, noting that the company is considering other options for its...
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