KRG
Kite Realty Group TrustNYSE
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  • Mon, Jun. 13, 12:49 PM
    • Noting it's not company policy to comment on speculation, WP Glimcher (WPG -7.2%) nevertheless says it's not in talks involving a merger or any other strategic alternative with any third parties.
    • The stock shot higher last week on a report the company was in talks about a sale to Kite Realty Group (KRG +4.2%).
    | Mon, Jun. 13, 12:49 PM | 3 Comments
  • Thu, Jun. 9, 7:59 AM
    • WP Glimcher (NYSE:WPG) shot higher in late action yesterday on a report its in sale talks with Kite Realty Group (NYSE:KRG). Both are similarly sized, with KRG at a $2.3B market cap, and WPG at $2B.
    • Kite is no stranger to acquisitions, having purchased Inland Diversified Real Estate Trust in 2014 for $1.2B. WP Glimcher is the product of Washington Prime Group's $2B purchase of Glimcher Realty Trust last year. Washington Prime was spun out of Simon Property Group in 2014. These guys know how to keep their bankers happy.
    | Thu, Jun. 9, 7:59 AM | 1 Comment
  • Jun. 24, 2014, 11:31 AM
    • In a near-unanimous vote, Kite Realty (KRG +0.1%) owners approve a boost in the amount of common shares to 450M from 200M in order to complete the purchase of Inland Diversified Real Estate Trust.
    • Inland owners will receive 1.707 of the new Kite shares in exchange for each share of Inland they own.
    • The deal is expected to close on or after July 1.
    | Jun. 24, 2014, 11:31 AM
  • Jun. 19, 2014, 4:43 PM
    • Each share of Inland Diversified will be cancelled and converted into the right to receive 1.707 Kite Realty (KRG) shares.
    • Inland's shareholder meeting to approve the merger is set for June 24, as is Kite's, and the deal is expected to close on or after July 1.
    • Previous coverage
    | Jun. 19, 2014, 4:43 PM
  • Feb. 10, 2014, 7:43 AM
    • Kite Realty (KRG) +10.5% premarket on news the operator of community shopping centers agrees to acquire Inland Diversified Real Estate Trust for ~$1.2B in stock.
    • KRG says the deal will allow it to enter markets including Westchester, N.Y., Bayonne, N.J., Las Vegas, Virginia Beach and Salt Lake City.
    • Q4 earnings
    | Feb. 10, 2014, 7:43 AM