Kimco Realty To Acquire RPT Realty In All-Stock Transaction
Portfolio Pulse from Benzinga Newsdesk
Kimco Realty is set to acquire RPT Realty in an all-stock transaction. The deal is expected to create a combined company with a pro forma equity market capitalization of approximately $12 billion.
August 28, 2023 | 10:56 am
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POSITIVE IMPACT
Kimco Realty's acquisition of RPT Realty could potentially increase its market capitalization and expand its portfolio.
The acquisition of RPT Realty by Kimco Realty is a significant move that could potentially increase its market capitalization and expand its portfolio. This could lead to a positive impact on Kimco Realty's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
RPT Realty's shareholders could potentially benefit from the all-stock transaction with Kimco Realty.
The all-stock transaction with Kimco Realty could potentially benefit RPT Realty's shareholders. This could lead to a positive impact on RPT Realty's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100