To: Richard Barron who wrote (1503 ) 9/16/1999 3:03:00 PM From: AurumRabosa Respond to of 2561
Does anyone subscribe to Realty Stock Review? I just filled the subscription form today and it says give 'em 6-8 weeks to process. Seems archaic for a web site. Does it really take that long? Any thoughts on the HIW buyout rumor today:finance.yahoo.com Highwoods Responds to Realty Stock Review Online Article RALEIGH, N.C., Sept. 16 /PRNewswire/ -- Highwoods Properties, Inc. (HIW) responded to today's article by Barry Vinocur in Realty Stock Review Online. Highwoods confirmed that over the last eighteen months it has considered a number of strategic options to increase shareholder value, including business combinations, recapitalizations and management-led buyouts. Ronald P. Gibson, the Company's president and chief executive officer, confirmed that these discussions and evaluations continue. There can be no assurance that any transaction will result from such discussions or evaluations. The Company does not intend to comment or make any further announcements unless a definitive agreement is reached. Highwoods Properties, Inc. is a fully integrated, self-administered real estate investment trust (REIT) that provides leasing, management, development, construction and other tenant-related services for its properties and for third parties. The Company currently owns or has an interest in 691 office, industrial, retail and service center properties encompassing approximately 48.6 million square feet, including 45 development projects encompassing approximately 5.5 million square feet, and 2,325 apartment units. Highwoods also controls more than 1,900 acres of development land. Highwoods is based in Raleigh, North Carolina, and its properties and development land are located in Florida, Georgia, Iowa, Kansas, Missouri, North Carolina, South Carolina, Tennessee and Virginia. Certain matters discussed in this press release may be forward looking statements within the meaning of the Private Securities Litigation Reform Act, which are subject to uncertainties. Highwoods' press releases are available at no charge through Company News- On-Call by fax, 800-758-5804, extension 361693. For more information about Highwoods Properties, please visit our website at highwoods.com SOURCE: Highwoods Properties, Inc.