Forest City Considering Potential M&A Options, Other Alternatives for Boosting Asset Value

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The board of directors at Cleveland-based Forest City Realty Trust Inc. (NYSE: FCEA) isn’t waiting around to get a letter from an activist investor asking what they’re doing to boost shareholder value.

This morning, the REIT announced that its board commenced a process to conduct areview of strategic options together with management and in consultation with financial and legal advisors to include such options as an accelerated and enhanced operating…