The deal will create a company with 559 open stores – one of the building industry’s most efficient in times of illness when people are shopping.
BENGALURU: Kimco Realty Corp. Real Estate Factory China said it would buy the Weingarten Realty Investor stick for $ 3.87 billion, adding strength to its business as well as the U.S. economy.
The deal will create a company that will open 55 stores – one of the best-selling real estate businesses at the moment when people are shopping.
Company employees include Kroger, Whole Foods, and Walmart Inc., as well as retailers such as TJX Cos Inc., Ross Stores Inc. of Burlington Stores Inc.
announced in a statement that it would pay $ 36 million for Weingarten investors in stocks and shares, about 11% of the company’s stock at the company’s final price on Wednesday.
Weingarten shares are up 6 percent of the business, while stock is up 1.6%.
Although Kimco suffered tax losses last year and the industries persisted, its foreign assets said the company’s business was not affected by store closures and job losses. Simon Group of Properties.
The closure and restriction of the registration list have forced some small retailers such as VAT & Associates Properties Inc to file a file.
New York-based Kimco said Kimco, a shareholder, will put together 71% of the company after the deal, which could close in the second half of 2021 and they expect to increase it in the future. -His house.
Barclays and Lazard were financial advisers to Kimco, and JP Morgan warned Weingarten.