Reckson Seeks Details from Icahn

The REIT calls on the financier's investor group to immediately provide info on its financing plans.
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Reckson Associates

(RA) - Get Report

called on an investor group led by Carl Icahn to provide more detailed information on its proposal to buy the company.

Icahn, real estate investor Harry Macklowe and

Mack-Cali

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recently proposed to buy the real estate investment trust for $49 a share, a bid that trumps Reckson's existing buyout agreement with

SL Green

(SLG) - Get Report

.

The group still, however, hasn't made a formal definitive offer. Reckson said Friday that it hasn't received any documentation from the group, dubbed Rome Acquisition, regarding its debt-financing arrangements.

Reckson said it has requested that Rome provide it with a detailed briefing about its financing status. The company has scheduled a board meeting for Friday night to review any information provided by Rome.

The REIT also has a meeting scheduled for Sunday to review Rome's overall proposal, and is seeking a final commitment on price and terms by that time.

For its part, SL Green said it

doesn't plan to raise its bid for Reckson to match the competing Rome offer. SL Green's current agreement calls for it to pay a mix of cash and stock for Reckson that was valued at $45.89 a share as of Wednesday.