M&A
confidence high
sentiment positive
materiality 0.70
Kimco Realty: WRI declares $0.69 special distribution, adjusting merger cash consideration to $2.20 per share
KIMCO REALTY CORP
- WRI declared special cash distribution of $0.69 per share, payable Aug 2 to holders of record July 28.
- Cash consideration in merger reduced from $2.89 to $2.20 per WRI share due to special distribution; share consideration unchanged at 1.408 KIM shares per WRI share.
- Merger expected to close on Aug 3, 2021, subject to shareholder approval and other closing conditions.