Investing

Update: Empire State Building IPO Deadline Delayed

The much-talked about and controversial IPO voting of New York’s Empire State Building has been delayed beyond next week as a number of investors are still against the plan. Malkin Holdings agreed to move the final voting date to April 8 from the initially scheduled March 25. The extension was made in order to allow the Supreme Court to analyze on the prospective of buying out the opposing investors for $100.

Update: Cole Credit Trust Refuses American Realty’s $5.7 Billion Acquisition Offer

Cole Credit Properties Trust Inc has declined the $5.7 billion acquisition offer that American Realty Capital Properties had offered. The company has rejected the bid stating that the offer was not in the best interests of its shareholders and it would pursue buying Cole Holdings Corp.

Home Equity is Back After 4-Year Leave

For the first time in 4 years, homeowners are withdrawing more cash from their home’s equity than they are depositing, Capital Economics reports.