VENTURE CAPITAL POST

A negotiation between the U.S. company and Italian businessman Antonio Percassi to bringing Starbucks to Italy is already in process. The agreement is set to be finalized this coming Christmas according to the newspaper Corriere della Serra.

Empire State Building investors on December 24 filed a class-action lawsuit in a Manhattan state court against the New York skyscraper's managers. The said investors claim they were deprived of $410 million in profit in Empire State Building's initial public offering.

Investors who had opposed the initial public offering of the Empire State Building asked a Manhattan appeals court to rule a USD 100 per unit buyout provision in the IPO plan illegal.

Empire State Realty Trust debuted on the New York Stock Exchange at USD 13.10 per share.

Malkin Holdings, who manages the Empire State Building and its investors, to proceed with an initial public offering (IPO) of the building into a real estate investment trust (REIT).

Empire State Building owners received its third unsolicited offer for the iconic skyscraper.

Empire State Building owners received two unsolicited offers to buy the iconic building for US$2.1 billion and US$2 billion.