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The Empire State Building
The Empire State Building is in New York City. It has 102 floors. There is an observatory on the 86th floor. An observatory is a place where people can go to see a great view of the city. People from all around the world visit the observatory. It is one of New York City’s most popular tourist attractions.
A company owns the Empire State Building. This company wants to sell one billion dollars in shares. A “share” is a part of a business that people own. The public will be able to buy some of these shares.
The Malkin family owns a lot of shares. The family spent almost $500 million dollars on the Empire State Building. They wanted to fix it and make it modern. The family plans to buy more shares. They will spend millions of more dollars on the building.
Some people are not happy. They think the Malkin family will have too much control over the Empire State Building. They want a judge to stop the Malkin family from buying more shares.