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First Union Real Estate Equity And Mortgage Investments Reaffirms Pursuit Of Proposed Merger With Gotham Golf Corp.

Publication: Business Wire
Publication Date: 07-JAN-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 7, 2003

First Union Real Estate Equity and Mortgage Investments (NYSE: FUR) announced today that its Board of Trustees has informed Gotham Partners and Gotham Golf Corp. that it does not intend to pursue the alternate transactions proposed by Gotham Golf Corp. in its press release of December 11, 2002 or in Gotham Partners' amended Schedule 13D filed with the Securities and Exchange Commission on December 23, 2002.

First Union reconfirmed that it is committed to pursuing the consummation of the transactions contemplated by the Agreement and Plan of Merger and Contribution dated February 13, 2002 providing for the merger of First Union with and into...

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