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Winthrop Realty trustees adopt liquidation plan, seeks shareholder nod
April 29, 2014 / 2:40 PM / 3 years ago

Winthrop Realty trustees adopt liquidation plan, seeks shareholder nod

April 29 (Reuters) - Winthrop Realty Trust said its trustees adopted a liquidation plan for the company that could fetch at least $13.80 per share.

A meeting with shareholders for approval of the plan would be held before August and liquidation will be completed within two years, the Boston-based real estate investment trust said in a statement.

Winthrop’s shares were up 18 percent at $13.57 on the New York Stock Exchange amid heavy trading on Tuesday. (Reporting by Supantha Mukherjee in Bangalore; Editing by Joyjeet Das)

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