Urstadt Biddle Properties shares are trading higher after Regency Centers announced it will acquire the company in an all-stock transaction valued at roughly $1.4 billion.
Portfolio Pulse from Benzinga Newsdesk
Regency Centers will acquire Urstadt Biddle Properties in an all-stock transaction valued at approximately $1.4 billion, causing UBA and UBP shares to trade higher.
May 18, 2023 | 3:15 pm
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POSITIVE IMPACT
Urstadt Biddle Properties' UBA shares are trading higher after the announcement of its acquisition by Regency Centers for $1.4 billion.
The acquisition announcement has a direct impact on UBA shares, as it is part of the all-stock transaction. Investors are reacting positively to the news, causing the shares to trade higher.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Urstadt Biddle Properties' UBP shares are trading higher after the announcement of its acquisition by Regency Centers for $1.4 billion.
The acquisition announcement has a direct impact on UBP shares, as it is part of the all-stock transaction. Investors are reacting positively to the news, causing the shares to trade higher.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100