{"id":53934,"date":"2023-08-28T11:20:25","date_gmt":"2023-08-28T15:20:25","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/rpt-realty-rallies-on-all-stock-merger-deal-with-rp-kimco-realty\/"},"modified":"2023-08-28T11:20:27","modified_gmt":"2023-08-28T15:20:27","slug":"rpt-realty-rallies-on-all-stock-merger-deal-with-rp-kimco-realty","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=53934","title":{"rendered":"RPT Realty rallies on all-stock merger deal with RP Kimco Realty"},"content":{"rendered":"
\n

RPT Realty
\n RPT,
\n +18.81%<\/bg-quote>
\n stock was up 11.8% in premarket trading on Monday after it said it agreed to be acquired by Kimco Realty Corp.
\n KIM,
\n +1.31%<\/bg-quote>
\n in an all-stock deal that values the New York-based shopping center owner at $2 billion including debt. RPT shareholders will receive 0.6049 of a newly-issued Kimco share for each RPT share they own. The deal amounts to a price of about $11.34 per RPT share or a premium of 19% premium to the closing prices of Kimco and RPT stock on Friday. Kimco stock is down 11.5% so far in 2023, compared to a 14.8% increase by the S&P 500
\n SPX,
\n +0.35%<\/bg-quote>.<\/span>\n <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

RPT Realty RPT, +18.81% stock was up 11.8% in premarket trading on Monday after it said it agreed to be acquired by Kimco Realty Corp. KIM, +1.31% in an all-stock deal that values the New York-based shopping center owner at $2 billion including debt. RPT shareholders will receive 0.6049 of a newly-issued Kimco share for […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-53934","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nRPT Realty rallies on all-stock merger deal with RP Kimco Realty | iFintechWorld<\/title>\n<meta name=\"description\" content=\"RPT Realty RPT, +18.81% stock was up 11.8% in premarket trading on Monday after it said it agreed to be acquired by Kimco Realty Corp. 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