iStar, Safehold shareholders approve merger

iStar (STAR) and Safehold (SAFE) announced that STAR stockholders and SAFE stockholders have each voted, separately, to approve the proposed merger between STAR and SAFE at their respective special meetings of stockholders held virtually today, March 9. The closing of the merger and related transactions remains subject to the satisfaction or waiver of various closing conditions. The companies are currently targeting closing the transactions on or about March 31. However, there can be no assurance that the closing will occur in that timeframe or at all.