secwatch.observer — SEC 8-K summary
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Issuer:     RPT Realty (—)
CIK:        0000842183
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001140361-24-000248
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimco Realty closes acquisition of RPT Realty; all-stock deal, $34M cost synergies
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- Merger closed Jan 2, 2024; RPT shareholders received 0.6049 Kimco shares per common share.
- Adds 56 open-air centers (43 wholly owned, 13.3M sq ft) to Kimco's 527-property portfolio.
- Expected annual cost synergies of ~$34M, ~85% realized in 2024; earnings accretive, leverage-neutral.
- RPT preferred shares exchanged for Kimco Class N preferred depositary shares; stub dividend $0.14097 per share.
- RPT common delisted from NYSE; approx $511.5M in senior notes to be prepaid Jan 12, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842183/000114036124000248/0001140361-24-000248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842183/000114036124000248/ny20017825x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-000248

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