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Office and apartment giant Mack-Cali could be worth $6.1 billon in a sale after a big vote of no confidence from shareholders gave activist investors from

Mack-Cali has said it has no plans to sell or break itself up but it will give activist investors two seats on its board in an effort to avoid a protracted proxy battle.

Mack-Cali has sold another office building and reported that the bulk of its tenants are paying rent through the coronavirus pandemic. The New Jersey based

Office and apartment giant Mack-Cali could be worth $6.1 billon in a sale after a big vote of no confidence from shareholders gave activist investors from

Mack-Cali has said it has no plans to sell or break itself up but it will give activist investors two seats on its board in an effort to avoid a protracted proxy battle.