Updating Mack-Cali Realty Corp., Thyssenkrupp AG (ADR), and NXT-ID Inc.

Article Excerpt

MACK-CALI REALTY CORP. $20 (New York symbol CLI; Shares outstanding: 90.3 million; Market cap: $1.8 billion; Dividend yield: 4.0%; Takeover Target Rating: Highest; www.mack-cali.com) is a New Jersey-based real estate investment trust that owns, manages and develops office and apartment properties in the Northeastern U.S. This includes 59 office buildings, 61 properties mainly used for light industrial or office space, and 21 multi-family residential properties. Activist investor Land & Buildings Investment Management, which owns about 2% of Mack-Cali, has informed the company of a potential buyout offer. The activist has yet to disclose the identity of the buyer, or the value of the bid. Even if an offer fails to materialize, Land & Buildings will continue to pressure Mack-Cali to look for a buyer, or sell some of its assets. The REIT holds several highly attractive properties, especially as rents continue to rise in Manhattan and Brooklyn. Mack-Cali is a buy for aggressive investors. THYSSENKRUPP AG (ADR) $24 (U.S. over-the-counter bulletin board symbol TKAMY; Shares outstanding: 622.5 million;…