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Dec. 15, 2015, 8:01 AM
- The all-cash deal works out to $10.60 per share for Inland Real Estate (NYSE:IRC). The buyer is DRA Advisors.
- Noting the stock has consistently traded at a discount to both net asset value and shopping center REIT peers, the board sought the sale as a way to help close that gap.
- The deal is expected to close in H1.
- Shares +5.5% premarket to $10.49.
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