Vornado Realty Trust (VNO) Said to Mull Selling Washington Unit to JBG Via Spinoff - Bloomberg

October 25, 2016 5:50 PM EDT

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Vornado Realty Trust (NYSE: VNO) held talks to spin off its Washington D.C. unit to rival JBG, according Bloomberg, citing people familiar with the matter. The unit would be spun into a new company and then acquired by JBG, which would gain a public market listing.

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