WP Glimcher shoots down takeover rumor, slips 7%

|About: Washington Prime Group Inc. (WPG)|By:, SA News Editor

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%).

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