Kite Realty to acquire Retail Properties of America in all-stock merger; 0.623 KRG shares per RPAI share

KITE REALTY GROUP TRUST

Each RPAI share to convert into 0.623 Kite common shares; combined company to secure $1.1B bridge facility for RPAI debt repayment.
John A. Kite to remain Chairman and CEO; Kite board expands to 13 members, including four from RPAI such as RPAI CEO Steven Grimes.
Termination fees: RPAI pays $107M if it accepts a superior proposal; Kite pays $70M similarly.
Lee A. Daniels to retire from Kite board effective upon closing of the merger.
Bylaws amended to designate exclusive forum for corporate claims in Maryland courts and federal courts for Securities Act claims.

item 1.01 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

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Departed

Lee A. Daniels

Director

KRG · KITE REALTY GROUP TRUST

Filed: July 19, 2021, 7:59 PM ET

On July 18, 2021, Lee A. Daniels notified the Kite Board of his intention to retire from the Kite Board effective upon and subject to the closing of the Merger.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lee A. Daniels departed as Director at KITE REALTY GROUP TRUST.

Action: retire
Role: Director

Exact text from the filing

On July 18, 2021, Lee A. Daniels notified the Kite Board of his intention to retire from the Kite Board effective upon and subject to the closing of the Merger.

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KITE REALTY GROUP TRUST filing history →

Source: SEC EDGAR

accession 0001104659-21-093528

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