Equity Office Properties: Sam Zell's Genius

| About: Equity Office (EOP)

When Sam Zell first decided to sell Equity Office Properties (EOP), everybody wondered whether he was selling it on the cheap.

No dummy he. With the Vornado (NYSE:VNO) group coming in with a new bid, it now appears Sam knew just what he was doing -- that he was going to create a bidding war and get what he believes to be top dollar. Genius.