WP Glimcher Inc. (WPG) - NYSE
  • Tue, Jun. 21, 1:00 PM
    | Tue, Jun. 21, 1:00 PM
  • Tue, Jun. 21, 11:28 AM
    • Michael Glimcher is out as CEO and Vice Chairman of the mall operator, with board member Louis Conforti taking over as interim CEO. Lead independent director Robert Laikin will become non-executive chairman.
    • In other board moves, Nile Overly resigns, and John Levy and John Dillon will join.
    • Alongside this, the company plans to change its name to Washington Prime Group.
    • Conforti: "The focus is straightforward: maximize current cash flow of the Company which involves traditional and innovative leasing as well as reducing G&A ... We’ll be rolling up our sleeves and concentrating on the basics of our business.”
    • WPG +6%
    | Tue, Jun. 21, 11:28 AM | 4 Comments
  • 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
  • Fri, Jan. 22, 11:43 AM
    • The team cashes in its chips on a Buy call for Mid-America Apartment Communities (MAA +2.2%) after a near-20% move higher over the past few months (the stock is notably flat for 2016).
    • Buy calls for shopping center operators DDR (DDR +2%) and WP Glimcher (WPG +1%) haven't worked out as well, and SunTrust downgrades those as well from Buy to Neutral.
    | Fri, Jan. 22, 11:43 AM | 1 Comment
  • Nov. 21, 2014, 5:38 PM
    | Nov. 21, 2014, 5:38 PM
  • Sep. 16, 2014, 12:46 PM
    | Sep. 16, 2014, 12:46 PM | 1 Comment
  • Sep. 16, 2014, 9:20 AM
    | Sep. 16, 2014, 9:20 AM
Company Description
WP Glimcher, Inc. operates as a real estate investment trust (REIT), which engages in the operating and leasing of multiple retail shopping center and nationwide portfolio spanning enclosed regional malls, open-air lifestyle centers and community centers. The company was founded in 2015 and is... More
Sector: Financial
Industry: REIT - Retail
Country: United States