News Breaks |
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| January 30, 2013 |
| 12:15 EDT |  | DDR | Vanguard reports 5.19% passive stake in DDR Corp.
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News For DDR From The Last 14 Days Check below for free stories on DDR the last two weeks. |
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| May 16, 2013 |
| 08:43 EDT |  | DDR | DDR Corp. 34M share Secondary priced at $18.90
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| May 15, 2013 |
| 16:12 EDT |  | DDR | DDR Corp. revises FY13 operating FFO view to $1.08-$1.11, consensus $1.10
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| 16:09 EDT | | DDR | DDR Corp. acquires select prime power centers from its Blackstone JV for $1.46B
DDR Corp. (DDR) announced an agreement to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII (BX). The acquisition, which is expected to close in Q4 subject to customary closing conditions, will significantly increase DDR's cash flow generated by very high quality, large format prime power centers located in top MSA's in the United States. The joint venture between Blackstone and DDR currently owns 44 shopping centers, and DDR has executed a purchase and sale agreement to acquire Blackstone's 95% common equity ownership interest in 30 of these shopping centers for $1.46B. DDR intends to fund this acquisition through a combination of the assumption of $398M in existing debt, nearly $150M from the repayment of preferred equity and mezzanine loans previously funded by DDR and proceeds from the issuance of common equity and unsecured debt. As part of the consideration, DDR has the right, subject to certain conditions, to issue common shares to Blackstone in an amount not to exceed $250M. |
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| 16:09 EDT | | DDR | DDR Corp. files to sell 32M shares of common stock
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| 16:07 EDT | | DDR | DDR Corp. acquires select prime power centers from its Blackstone JV for $1.46B
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