Maguire to add four directors
From Times Wire Services
Maguire Properties Inc., the Los Angeles real estate developer under pressure from investors to consider a takeover bid, plans to add four directors under an agreement with shareholder JMB Capital Partners.
The new board members will be Jonathan Brooks, Cyrus Hadidi, Paul Watson and a JMB Capital nominee to be named shortly, Maguire said. Brooks is the founder and general partner of JMB Capital Partners, which owns 9.7% of Maguire’s shares.
