Weingarten

Kimco Realty and Weingarten Realty Investors Announce Closing of Merger

Retrieved on: 
Wednesday, August 4, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Weingarten Realty, Kimco Realty, Weingarten, WRI, Companies

Kimco Realty Corp. (NYSE: KIM), one of North Americas largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, and Weingarten Realty Investors (NYSE: WRI), a grocery-anchored Sun Belt shopping center owner, manager and developer, today announced the completion of their previously announced merger, whereby Weingarten Realty Investors merged with and into Kimco Realty Corp., with Kimco continuing as the surviving public company.

Key Points: 
  • Kimco Realty Corp. (NYSE: KIM), one of North Americas largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, and Weingarten Realty Investors (NYSE: WRI), a grocery-anchored Sun Belt shopping center owner, manager and developer, today announced the completion of their previously announced merger, whereby Weingarten Realty Investors merged with and into Kimco Realty Corp., with Kimco continuing as the surviving public company.
  • We are pleased to announce the successful completion of our merger with Weingarten, stated Conor Flynn, Chief Executive Officer of Kimco.
  • The completion of the transaction follows the satisfaction of all conditions to the closing of the merger, including receipt of approvals of the merger by Kimco stockholders and Weingarten shareholders.
  • Barclays and Lazard acted as financial advisors and Wachtell, Lipton, Rosen & Katz acted as legal advisor to Kimco in connection with the merger.

Kimco Realty Stockholders and Weingarten Realty Shareholders Approve Merger

Retrieved on: 
Tuesday, August 3, 2021
Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Urban planning, REIT, Weingarten Realty, Finance, Kimco Realty, Weingarten, Common stock, New York Stock Exchange, Financial markets, Companies

Kimco Realty Corp. (NYSE: KIM), one of North Americas largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, and Weingarten Realty Investors (NYSE: WRI), a grocery-anchored Sun Belt shopping center owner, manager and developer, today announced that Kimco stockholders and Weingarten shareholders approved all of the proposals necessary for the closing of the previously announced merger of Weingarten with and into Kimco.

Key Points: 
  • Kimco Realty Corp. (NYSE: KIM), one of North Americas largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, and Weingarten Realty Investors (NYSE: WRI), a grocery-anchored Sun Belt shopping center owner, manager and developer, today announced that Kimco stockholders and Weingarten shareholders approved all of the proposals necessary for the closing of the previously announced merger of Weingarten with and into Kimco.
  • At the special meeting of Kimco stockholders, approximately 99.9% of the votes cast were voted in favor of the merger, which represented approximately 85.3% of the outstanding shares of Kimco common stock.
  • At the special meeting of Weingarten shareholders, approximately 99.6% of the votes cast were voted in favor of the merger agreement, which represented approximately 78.7% of the outstanding Weingarten common shares.
  • Upon completion of the merger, pursuant to the terms of the definitive merger agreement entered into by and between Kimco and Weingarten on April 15, 2021, Weingarten shareholders are entitled to receive 1.408 newly issued shares of Kimco common stock plus $2.20 in cash, after adjustment for the Weingarten special dividend of $0.69 per Weingarten common share paid on August 2, for each Weingarten common share that they owned immediately prior to the effective time of the merger.

Weingarten Realty Investors Announces Second Quarter 2021 Earnings Release

Retrieved on: 
Tuesday, July 20, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Weingarten Realty, WRI, New York Stock Exchange, Weingarten, Service companies, Companies

Weingarten Realty Investors (NYSE:WRI) announced today that its second quarter 2021 earnings will be released after the market closes on Thursday, July 29, 2021.

Key Points: 
  • Weingarten Realty Investors (NYSE:WRI) announced today that its second quarter 2021 earnings will be released after the market closes on Thursday, July 29, 2021.
  • The complete earnings release and supplemental data package will be located in the Investor Relations section of the website on the Quarterly Earnings page.
  • For those without Internet access, the second quarter 2021 earnings release and supplemental data package will be available by mail upon request.
  • Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer.

Weingarten Realty Investors Declares Special Cash Distribution

Retrieved on: 
Thursday, July 15, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Kimco Realty, Weingarten Realty, WRI, Real estate investment trust, Weingarten, Companies, Mesa Riverview

Weingarten Realty Investors (NYSE:WRI) announced today that its Board of Trust Managers declared a special cash distribution of $0.69 per common share payable on August 2, 2021 to shareholders of record on July 28, 2021.

Key Points: 
  • Weingarten Realty Investors (NYSE:WRI) announced today that its Board of Trust Managers declared a special cash distribution of $0.69 per common share payable on August 2, 2021 to shareholders of record on July 28, 2021.
  • The special distribution is being paid in connection with the anticipated merger of WRI into Kimco Realty Corporation (Kimco) and to satisfy the REIT taxable income distribution requirements.
  • Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer.
  • These properties represent approximately 29.8 million square feet of which our interests in these properties aggregated approximately 20.4 million square feet of leasable area.

WEINGARTEN REALTY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Weingarten Realty Investors - WRI

Retrieved on: 
Tuesday, April 20, 2021
Legal, Professional services, Foti, Weingarten, WRI, Kimco Realty, New Orleans, LOUISIANA, Companies

b'Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

Key Points: 
  • b'Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
  • and the law firm of Kahn Swick & Foti, LLC (\xe2\x80\x9cKSF\xe2\x80\x9d) are investigating the proposed sale of Weingarten Realty Investors (NYSE: WRI) to Kimco Realty Corp. (NYSE: KIM).
  • Under the terms of the proposed transaction, shareholders of Weingarten will receive only 1.408 shares of Kimco and $2.89 in cash for each share of Weingarten that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.\nIf you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( [email protected] ) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-wri/ to learn more.\nTo learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210419005996/en/\n'

Weingarten Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Weingarten Realty Investors Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – WRI

Retrieved on: 
Thursday, April 15, 2021
Legal, Professional services, Articles, Stock market, Weingarten, WRI, Limited liability partnership, Shareholder, Securities fraud, Financial markets, Companies

b'Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Weingarten Realty Investors (NYSE: WRI) to Kimco Realty Corporation is fair to Weingarten shareholders.

Key Points: 
  • b'Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Weingarten Realty Investors (NYSE: WRI) to Kimco Realty Corporation is fair to Weingarten shareholders.
  • Under the terms of the merger, Weingarten shareholders will receive 1.408 newly issued shares of Kimco common stock and $2.89 in cash for each common share they own.
  • On behalf of Weingarten shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.\nHalper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.
  • Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.\nAttorney Advertising.

Kimco Realty and Weingarten Realty Announce Strategic Merger

Retrieved on: 
Thursday, April 15, 2021
Architecture, Supermarket, Department Stores, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Retail, Public relations, Investor relations, Urban planning, Building Systems, Communications, REIT, Weingarten Realty, Weingarten, Kimco Realty, WRI, Pro forma, Companies, Kimco, Weingarten

Based on the closing stock price for Kimco on April 14, 2021, this represents a total consideration of approximately $30.32 per Weingarten share.

Key Points: 
  • Based on the closing stock price for Kimco on April 14, 2021, this represents a total consideration of approximately $30.32 per Weingarten share.
  • On a pro forma basis, following the closing of the transaction, Kimco shareholders are expected to own approximately 71% of the combined company\xe2\x80\x99s equity, and Weingarten shareholders are expected to own approximately 29%.
  • The parties currently expect the transaction to close during the second half of 2021, subject to customary closing conditions, including the approval of both Kimco and Weingarten shareholders.
  • For further information, please visit www.kimcorealty.com .\nWeingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer.

Kimco Realty and Weingarten Realty Announce Strategic Merger

Retrieved on: 
Thursday, April 15, 2021
Retail, Other Retail, Supermarket, Commercial Building & Real Estate, Construction & Property, REIT, Weingarten Realty, Weingarten, Kimco Realty, WRI, Pro forma, Companies, Kimco, Weingarten

Based on the closing stock price for Kimco on April 14, 2021, this represents a total consideration of approximately $30.32 per Weingarten share.

Key Points: 
  • Based on the closing stock price for Kimco on April 14, 2021, this represents a total consideration of approximately $30.32 per Weingarten share.
  • On a pro forma basis, following the closing of the transaction, Kimco shareholders are expected to own approximately 71% of the combined company\xe2\x80\x99s equity, and Weingarten shareholders are expected to own approximately 29%.
  • The parties currently expect the transaction to close during the second half of 2021, subject to customary closing conditions, including the approval of both Kimco and Weingarten shareholders.
  • For further information, please visit www.kimcorealty.com .\nWeingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer.

Weingarten Realty Announces Promotions

Retrieved on: 
Monday, March 8, 2021
Retail, Other Retail, Other Construction & Property, Department Stores, Commercial Building & Real Estate, Construction & Property, REIT, WRI, Weingarten Realty, Weingarten, Randi Weingarten

Weingarten Realty Investors (NYSE:WRI) announced today the promotions of Darren Amato to Senior Vice President, Investments, Andrew Bell to Area Vice President, Leasing and Cindy Krist to Divisional Vice President, Tax.

Key Points: 
  • Weingarten Realty Investors (NYSE:WRI) announced today the promotions of Darren Amato to Senior Vice President, Investments, Andrew Bell to Area Vice President, Leasing and Cindy Krist to Divisional Vice President, Tax.
  • Throughout Darrens tenure with Weingarten, he has been promoted to Manager, Director, and most recently to Vice President of Acquisitions.
  • Darrens promotion to Senior Vice President, Investments, confirms the progression of his role as he continues to lead all investment activity for Weingarten.
  • Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer.

Weingarten Realty to Present at the Citi 2021 Virtual Global Property CEO Conference

Retrieved on: 
Wednesday, March 3, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Economy of New York City, Companies, WRI, Weingarten Realty, Weingarten, New York Stock Exchange, Service companies, Citigroup

Weingarten Realty Investors (NYSE: WRI) today announced its participation in the Citi 2021 Virtual Global Property CEO Conference being held March 8 11, 2021.

Key Points: 
  • Weingarten Realty Investors (NYSE: WRI) today announced its participation in the Citi 2021 Virtual Global Property CEO Conference being held March 8 11, 2021.
  • Andrew Drew Alexander, Chairman, President and Chief Executive Officer will present on Tuesday, March 9, 2021 at 4:15 PM ET.
  • Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer.
  • The above ranges represents managements estimate of results based upon these assumptions as of the date of this press release.