KIM
Kimco Realty CorporationNYSE
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  • Feb. 7, 2013, 5:18 AM

    Blackstone (BX) has agreed to acquire a two-thirds stake in 40 shopping malls in the U.S. for $274M and $463M in debt from UBS (UBS) as the private-equity firm adds to its portfolio of grocery-anchored retail property. Kimco Realty (KIM), which manages the centers and owns 18%, will raise its holding to 33% for $61M in cash and $104M in debt. Meanwhile, Blackstone and two partners are buying a business park in south India for 19.5B rupees ($367M).

    | Feb. 7, 2013, 5:18 AM
  • Oct. 30, 2012, 5:45 AM

    The WSJ firms up speculation that Cerberus is interested acquiring Supervalu (SVU) saying that the P-E firm is working with real-estate firms on a $5B+ bid for the struggling retailer, whose liabilities are $6B. A proposal deal would include $800M-$900M to take Supervalu private, well above its market cap of $643M. Cerberus and its partners, which include Kimco Realty (KIM), hope to reprise the turnaround success they achieved with Supervalu peer Albertsons.

    | Oct. 30, 2012, 5:45 AM