Kimco Realty, a real estate investment trust (REIT) has acquired Weingarten Realty Investors in a cash and stock deal valued at $3.87 billion. Weingarten Realty is a REIT that primarily invests in shopping centers in the Southern US. The combined company is expected to have a pro forma total enterprise value of around $20.5 billion and a pro forma equity market capitalization of $12.0 billion. Shares of Weingarten Realty Investors (WRI) jumped 11% in morning trading. The acquisition is expected to close in the second half of this year and will result in Kimco being the surviving public company.
https://www.tipranks.com/news/kimco-snaps-up-weingarten-in-deal-valued-at-4b
Weingarten Realty Invest... (NYSE:WRI)
Historical Stock Chart
From Jun 2021 to Jul 2021 Click Here for more Weingarten Realty Invest... Charts.
Weingarten Realty Invest... (NYSE:WRI)
Historical Stock Chart
From Jul 2020 to Jul 2021 Click Here for more Weingarten Realty Invest... Charts.