RPT Realty RPT, -0.31% stock was up 11.8% in premarket trading on Monday after it said it agreed to be acquired by Kimco Realty Corp. KIM, +0.16% in an all-stock deal that values the New York-based shopping center owner at $2 billion including debt. RPT shareholders will receive 0.
6049 of a newly-issued Kimco share for each RPT share they own. The deal amounts to a price of about $11.34 per RPT share or a premium of 19% premium to the closing prices of Kimco and RPT stock on Friday. Kimco stock is down 11.5% so far in 2023, compared to a 14.8% increase by the S&P 500 SPX, +0.67%.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: