Tuesday, September 21, 2010

iStar Financial (NYSE: SFI): Now On Bankruptcy Watch

iStar Financial Inc. (NYSE: SFI) slumped more than 13% on Tuesday after Bloomberg reported that the company may be considering a pre-packaged bankruptcy filing in 2011. The company, a real estate investment trust, expects to begin meeting with creditors. According to a regulatory filing last month, the company had net debt obligations of $8.6 billion as of June 30.

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