New
investor gives hope to Xanadu
Xanadu lives.
An investment firm has agreed to pump up to $500 million
into the Meadowlands Xanadu development and secure additional
financing. The firm, Colony Capital Acquisitions, is expected
to complete the project by 2008 with the retail and entertainment
mix promised by Mills Corp. in 2003.
"This creates a new sense of excitement for prospective
tenants who now know, without ambiguity, that the project
will be completed," said Carl Goldberg, chairman
of the New Jersey Sports and Exposition Authority, which
is the project's landlord. "Colony is an extraordinarily
capable real estate investor." MORE>>
US
investor buys 10 percent of Silicom Robert Mark Sussman
says he does not want to take over the company and has
made no demands on it
The managers of Kfar Saba-based Silicom Ltd. (Nasdaq:SILC;
TASE:SILC) are undoubtedly asking if a takeover attempt
of the company is in the offing, after discovering that
a US investor bought 10 percent of it in recent months.
Robert Mark Sussman began buying Silicom shares early
this year, and has reached a 10 percent holding. Only
the company's co-founders Yehuda and Zohar Zisapel own
larger stakes: Yehuda owns 15.6 percent, and Zohar 12.9
percent. MORE>>
Investor
is seeking a voice on Advanced Marketing Services board
Frustrated by Advanced Marketing Services' unwillingness
to share information, a major shareholder moved yesterday
to nominate three representatives to the beleaguered company's
board of directors.
Robert E. Robotti, a New York investor with a 7.1 percent
stake in AMS, argues that the company's board and management
have refused to disclose basic information over the past
three months. By naming his own directors to the board,
Robotti intends to ensure stockholder representation,
according to documents filed with government regulators.
MORE>>
