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Blackstone (BX) and DDR Corp. (DDR) have formed a JV to acquire a portfolio of 46 shopping...

Blackstone (BX) and DDR Corp. (DDR) have formed a JV to acquire a portfolio of 46 shopping centers for $1.43B (including debt) from an affiliate of Elbit Imaging (EMITF). Blackstone will hold a 95% stake in the venture. DDR will start a public offering of 15M shares to help finance the investment.
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