Vornado Goes on ‘Offense’ in Reaction to Slumping Stock

After “years and years” of balking at stock repurchases, Vornado Realty Trust CEO Steven Roth said he’s had a change of heart. The New York real estate investment trust, which owns prominent office properties around the United States, plans to buy back as much as $200 million of its common shares outstanding while it suspends paying dividends until later this year.

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