Billion-dollar battle: Part 3, what’s at stake
[Continued from previous Part 1 and yesterday's Part 2.]
Yesterday’s post calculated a post-conversion value for Stuyvesant Town in the range of $7.5 to $9.0 billion — what would possibly motivate MetLife, not exactly a doofus in finance, to offer it for 33% to 45% less than that?
“Ah, geeze, I dunno.”
It’s all about [...]
