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Shares of iStar Financial (SFI -14.5%) plummet on a Bloomberg report that the commercial real...
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Tuesday, September 21, 2010, 2:08 PM ETShares of iStar Financial (SFI -14.5%) plummet on a Bloomberg report that the commercial real estate lender is weighing a bankruptcy filing. The company expects to begin meeting with creditors in coming weeks to discuss potential terms of a pre-packaged bankruptcy, which would occur sometime next year.
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