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First Union Real Estate Equity and Mortgage Investments Affirms Pursuit of Proposed Merger with Gotham Golf Corp.

Publication: Business Wire
Publication Date: 18-MAR-03
Format: Online - approximately 795 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors/Real Estate Writers

NEW YORK--(BUSINESS WIRE)--March 18, 2003

First Union Real Estate Equity and Mortgage Investments (NYSE:FUR) announced today that it has reconfirmed to Gotham Partners, L.P. that it has not been pursuing, and has no present intention of pursuing, an alternative transaction to the proposed merger transaction between First Union and Gotham Golf.

First Union has not requested permission from Gotham Partners to explore alternatives with any person who has made an unsolicited proposal for First Union. The statement to that effect in a letter, dated March 12, 2003, from Gotham Partners to First Union and filed as an exhibit to an amendment to Gotham Partners' 13D filing, is incorrect.

The proposed merger transaction between First...

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