Kite Realty To Acquire Inland Diversified In $1.2B Deal

Law360, New York (February 10, 2014, 12:42 PM EST) -- Commercial real estate investment trust Inland Diversified Real Estate Trust Inc. has agreed to be acquired by Kite Realty Group Trust for around $1.2 billion in stock, the companies announced Monday.

The terms of the agreement will give Inland Diversified shareholders the option to liquidate their interests for $10.50 per share, or convert each of their shares into between 1.65 and 1.17 shares in publicly traded Kite Realty.

Indianapolis-based Kite Realty currently owns 74 retail and commercial shopping center properties in 12 states, including Texas, Indiana...
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