iStar And Safehold: Just A Manic Merger Thursday.

iStar Inc. and Safehold Inc. merger has been speculated on for some time. The crux of the argument has always been that one company is better than two, as for as management expenses are concerned. This got more steam after STAR unloaded a very large portion of its non-Safehold assets. At that point, it was a matter of time, not a matter of faith. Investors bullish on the merger had naturally gravitated towards STAR as the company's holdings of SAFE more than made up for its market capitalization. The news came on August 11, 2022 as the two announced the arrangement. To say STAR holders were disappointed, is perhaps an epic understatement.