Regency Centers To Acquire Urstadt Biddle Properties In All-Stock Transaction Valued At ~$1.4B
Portfolio Pulse from Benzinga Newsdesk
Regency Centers is set to acquire Urstadt Biddle Properties in an all-stock transaction valued at approximately $1.4 billion.
May 18, 2023 | 11:51 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Urstadt Biddle Properties is being acquired by Regency Centers in a $1.4 billion all-stock deal.
Urstadt Biddle Properties' shareholders are likely to benefit from the all-stock acquisition by Regency Centers, as they will receive shares in the larger, more diversified company. This could lead to a short-term increase in Urstadt Biddle Properties' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Regency Centers is acquiring Urstadt Biddle Properties in a $1.4 billion all-stock deal.
The acquisition of Urstadt Biddle Properties by Regency Centers is a significant event for both companies. However, the short-term impact on Regency Centers' stock price is uncertain, as the market may react positively to the expansion or negatively to the cost of the acquisition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100