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Stock Market & Financial Investment News

News Breaks
June 24, 2014
11:17 EDTKRGKite Realty Trust announces approval of inland merger transaction proposals
Kite Realty Group Trust announced that at its special meeting held earlier, shareholders overwhelmingly approved the issuance of common shares to stockholders of Inland Diversified Real Estate Trust, pursuant to the definitive merger agreement dated February 9, and approved an amendment to Kite Realtyís Articles of Amendment and Restatement of Declaration of Trust to increase the total number of authorized common shares from 200,000,000 to 450,000,000. Approximately 92.7% of the outstanding Kite Realty common shares voted with respect to the issuance of common shares to Inland Diversified stockholders in connection with the merger, with approximately 99.9% of the votes cast in favor of this proposal. Approximately 92.7% of the outstanding Kite Realty common shares voted with respect to the amendment to increase the total number of authorized common shares, with approximately 98.1% of the votes cast in favor of the proposed amendment. Subject to the satisfaction or waiver of the remaining conditions to closing, the merger is expected to close on or after July 1. As a result of the merger, each former share of Inland Diversifiedís common stock will be converted into the right to receive 1.707 newly issued common shares of Kite Realty. Following completion of the merger, the common shares of Kite Realty will continue to trade under the existing ticker symbol "KRG" on the New York Stock Exchange.
News For KRG From The Last 14 Days
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March 24, 2015
10:01 EDTKRGOn The Fly: Analyst Initiation Summary
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06:52 EDTKRGKite Realty Trust initiated with an Outperform at RW Baird
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March 17, 2015
08:16 EDTKRGKite Realty Trust closes on final tranche of announced asset disposition
Kite Realty Group Trust (KRG) announced that it has closed on the second and final tranche of its previously announced 15-asset disposition for a gross sale price of approximately $318M. The second tranche closing included 7 retail properties for a gross sales price of approximately $167M, or $103M of net proceeds. On September 16, 2014, Kite Realty announced it had entered into a definitive agreement to sell 15 retail properties for an estimated sales price of $318 to Inland Real Estate Income Trust (IRC).

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