Kimco in its all-stock acquisition of RPT Realty

On August 28, 2023, Kimco Realty Corporation (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, announced that it has entered into a definitive merger agreement to acquire RPT Realty (NYSE: RPT) in an all-stock transaction valued at approximately $2.3 billion, including the assumption of debt and preferred stock.  Upon closing, Kimco expects to have a pro forma equity market capitalization of approximately $13 billion and a total enterprise value of approximately $22 billion.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Kimco.