New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 1, 2014
11:31 EDTKRGKite Realty completes merger with Inland Diversified Real Estate
Kite Realty Group Trust announced the completion of its merger with Inland Diversified Real Estate Trust valued at approximately $2.1B. The transaction was approved by the shareholders of Kite Realty and the stockholders of Inland Diversified at their respective special meetings on June 24. The combined company will continue to trade under Kite Realtyís existing ticker symbol, KRG, on the New York Stock Exchange. As a result of the merger, each former share of Inland Diversified common stock has been converted into 1.707 newly issued Kite Realty common shares. The company said, "This transaction creates a $4B company and provides a number of significant financial and operational benefits. We expect to realize numerous financial benefits from the merger, including a substantial increase in cash flow and liquidity, a lower cost of capital, and a strengthened balance sheet. Operational opportunities include improved synergies from an expanded platform and the leveraging of Inland Diversifiedís high-quality portfolio with strong demographic profiles in dynamic new markets."
News For KRG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 24, 2015
10:01 EDTKRGOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:52 EDTKRGKite Realty Trust initiated with an Outperform at RW Baird
Subscribe for More Information
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).

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use