Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  State Street Corp    STT

Delayed Quote. Delayed  - 07/22 10:00:51 pm
58.24 USD   +1.64%
07/22 STATE STREET : Lowers Stake in Catalent Inc. (CTLT)
07/22DJSEC to Fast-Track Active ETFs
07/22STATE STREET CO : half-yearly earnings release
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

State Street Corporation : Empire State Building accord wins preliminary approval

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 06:24am CEST

A New York court gave preliminary approval for a $55 million settlement aimed at allowing the initial public offering of a real estate investment trust that would include the iconic Empire State Building, Bloomberg reported.

The settlement was reached in September between Malkin Holdings and a group of investors in Empire State Building Associates, who had earlier sued to stop the plan, in part because they objected to the tax treatment they would face. (http://link.reuters.com/res26t)

The agreement, which must receive final court approval, will let Empire State Realty Trust Inc <ESB.N>, which controls the Manhattan skyscraper, continue its plan to become a real-estate investment trust and sell shares on the New York Stock Exchange.

"We are very pleased with today's decisions which granted preliminary approval of the settlement," Malkin Holdings said in a statement to Bloomberg. "We will continue to move forward with the vote on the proposed transaction, which we believe is in the best interests of all investors."

Lawyers representing Malkin Holdings and the investor group could not immediately be reached for comment by Reuters outside of regular U.S. business hours.

(Reporting by Maneesha Tiwari in Bangalore and Terry Baynes in New York; Editing by Richard Pullin)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STATE STREET CORP
07/22 STATE STREET : Lowers Stake in Catalent Inc. (CTLT)
07/22DJSEC to Fast-Track Active ETFs
07/22STATE STREET CORP : half-yearly earnings release
07/21 STATE STREET CORPORATION : Declares Quarterly Dividend on its Non-Cumulative Per..
07/21 STATE STREET : SSGA Expects Continued Market Volatility and GeoPolitical Uncerta..
07/21DJPulteGroup Adds New Directors, Reports Upbeat Earnings
07/19DJALLIANZ SE : ECB Expected to Wait for Data Before Post-Brexit Moves
07/18 STATE STREET : Tenet Healthcare Corp. (THC) Shares Bought by State Street Corp
07/17 STATE STREET : Increases Stake in Ionis Pharmaceuticals Inc.
07/16 STATE STREET : Reacts to Bank of England’s Interest Rate Decision
More news
Sector news : Investment Management & Fund Operators - NEC
07/23DJAppaloosa, Brookfield May Jointly Bid for SunEdison's Terraform Power Stake
07/22DJFosun Group Insurance Unit Files for IPO in U.S.
07/22DJU.K. Treasury Chief to Visit China
07/21DJGoldman Sachs Raising Private-Equity Fund of $5 Billion to $8 Billion
07/21 U.S. CEOs back board diversity, GAAP adherence in reform push
More sector news : Investment Management & Fund Operators - NEC
News from SeekingAlpha
07/19 GLASS-STEAGALL : A Meaningful Stock Market Risk
07/14 Financials lead today's rally
07/13 CCAR Winners And Losers
07/13 State Street's CCAR Shows Some Potential For Vulnerability
07/11 Absolutely No Risk To Stock Market Ahead Of Elections Except For This And Thi..
Advertisement
Financials ($)
Sales 2016 10 583 M
EBIT 2016 2 937 M
Net income 2016 1 819 M
Debt 2016 -
Yield 2016 2,47%
P/E ratio 2016 12,74
P/E ratio 2017 10,91
Capi. / Sales 2016 2,18x
Capi. / Sales 2017 2,07x
Capitalization 23 060 M
More Financials
Chart STATE STREET CORP
Duration : Period :
State Street Corp Technical Analysis Chart | STT | US8574771031 | 4-Traders
Full-screen chart
Technical analysis trends STATE STREET CORP
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 63,2 $
Spread / Average Target 8,5%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Joseph L. Hooley Chairman & Chief Executive Officer
Michael F. Rogers President & Chief Operating Officer
Michael W. Bell Chief Financial Officer & Executive Vice President
James S. Phalen Vice Chairman-Management Board & Head-Technology
Albert Jerry Cristoforo Chief Technology Officer & Executive VP
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
STATE STREET CORP-12.24%23 060
BLACKROCK, INC.6.62%59 310
UBS GROUP AG0.00%51 308
GOLDMAN SACHS BDC INC5.42%50 070
BANK OF NEW YORK MELLO..-4.92%42 211
FRANKLIN RESOURCES, IN..-4.48%20 572
More Results