Raymond James analyst RJ Milligan downgraded RPT Realty (RPT) to Market Perform from Outperform after Kimco Realty (KIM) announced a definitive merger agreement under which RPT will be acquired by Kimco in an all-stock transaction valued at approximately $2B, including the assumption of debt and preferred stock.
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Read More on RPT:
- RPT Realty (NYSE: RPT) Surging on Acquisition News
- Kimco Realty to acquire RPT Realty in all-stock transaction valued at $2B
- Kimco Realty® to Acquire RPT Realty in All-Stock Transaction
- RPT Realty Reports Second Quarter 2023 Results; Maintains Guidance
- RPT Realty Declares Third Quarter 2023 Common and Preferred Share Dividends
