Feb
28
Regency Centers Stockholders OK Merger with Equity One
ByThe new company will become the largest shopping center REIT in the U.S.
Jacksonville, Fla. & New York—Get the party balloons ready, because the largest U.S. shopping center REIT by equity value is almost here. At a special meeting on Friday, Regency Centers Corp. stockholders approved the company’s merger with Equity One, Regency has announced.
As previously reported, the post-merger company, which will retain the Regency name and its NYSE symbol (REG), will have an equity value of $15.6 billion. The merger is expected to close Wednesday.
On a pro forma basis, Regency stockholders are expected to own about 62 percent of the combined company’s common stock, and former Equity One stockholders are expected to own the remaining approximately 38 percent…
