Billionaire financier Carl Icahn is reportedly planning to make an offer for
, a move that could potentially spoil the real estate investment trust's planned acquisition by
The Wall Street Journal
, Icahn and New York real estate firm Macklowe Properties plan to offer $49 a share for Reckson. The REIT, which owns several offices in the hot Manhattan market, agreed to be
bought by SL Green in August in a cash-and-stock deal valued at about $43.31 a share at the time.
Shares of Reckson recently were up $2.79, or 6.2%, to $47.85 on the
The SL Green deal had brought criticism from certain Reckson shareholders, who were upset about the REIT's plan to also sell several of its non-Manhattan properties to its CEO. The holders argued that the properties weren't marketed to other potential bidders and could have been bought for a higher price.