On Feb. 26, the previously low-profile company, which controls more than 400 office properties in second-tier cities and suburbs, was thrust into the limelight when Related Cos. and Corvex Management LP announced they had purchased nearly 10% of the company and offered to buy the remainder.
Bear Stearns Cos. could be eyeing acquisitions in the asset-management or mortgage sectors, getting a boost from an infusion of capital from a new foreign stakeholder.
And my own judgment is that - and being slightly detached from this cos I'm not directly involved in the day to day management of these issues - is that they have been managed as well as any government could have anticipated.