Business
In a deal analysts said could set off a wave of consolidation among shopping center real estate investment trusts, Kimco Realty Corp. said it is buying Price REIT Inc. for $535 million in stock and the assumption of $300 million in debt.
Jan. 15, 1998
Kimco Realty Corp., a leader in purchasing, developing and operating shopping centers anchored by supermarkets, said Monday that it would buy Pan Pacific Retail Properties Inc. for about $2.9 billion, beefing up its presence in the Western United States.
July 11, 2006
General Electric Capital Corp.’
Dec. 18, 2001
Toys R Us Inc. was expected Wednesday to weigh takeover offers from two investment groups and may soon decide whether to sell its struggling toy store chain and Babies R Us unit, sources familiar with the situation said.
March 17, 2005
Supermarket chain Albertsons said Wednesday that it planned to close 100 stores, or about 16% of its locations, because they were not profitable.
June 8, 2006
The offer comes about four weeks after the supermarket operator rejected a previous bid.
Jan. 21, 2006
Merrill Lynch said it created a new Web site for investors who want updated information on its so-called HOLDR securities, which are baskets of stocks in such sectors as biotech, banking, telecom, semiconductors and B2B Internet commerce.
July 26, 2000
Stocks edge up on news the grocery chain is reconsidering last year’s failed takeover bid.
Jan. 14, 2006
A group of bidders was on the verge of a deal for the entire company when negotiations fell apart. Discussions to sell certain assets continue.
Dec. 23, 2005
An early rally fizzles on jitters over corporate earnings. The Dow rises while Nasdaq declines.