SL Green Realty Corp. (NYSE: SLG) had consented on Thursday to Reckson Associates Realty Corp. (NYSE: RA) declaring an additional dividend totalling $25 million.
The New York-based realtor said that each Reckson shareholder would be paid an additional 29 cents per share in cash as of the closing of the merger between both companies.
In August, SL Green Realty Corp. announced that it would be buying Reckson for approximately $6 billion. A vote by on the deal by Reckson shareholders is expected today.
Reckson shares were flat, while SL Green shares rose 91 cents, or 0.69 percent, to $133.48 in Thursday afternoon trading on the New York Stock Exchange.