Brief: Safehold and Istar announce business combination

Safehold

11/08/2022 11:47

Aug 11 (Reuters) - Safehold Inc  SAFE.N :
    * SAFEHOLD AND ISTAR ANNOUNCE BUSINESS COMBINATION
    * ISTAR INC - COMBINED COMPANY ("NEW SAFEHOLD") WILL NOT BE
TAKING
ON OTHER INDEBTEDNESS OR PREFERRED EQUITY FROM ISTAR
    * ISTAR INC - SAFEHOLD SHAREHOLDERS (OTHER THAN ISTAR) ARE
EXPECTED TO OWN APPROXIMATELY 34% OF NEW SAFEHOLD
    * ISTAR INC - PRIOR TO MERGER, ISTAR WILL SPIN OFF TO ISTAR
SHAREHOLDERS A NEW PUBLICLY TRADED ENTITY

Source text for Eikon:  ID:nPn11brWca 
Further company coverage:  SAFE.N