Regency Centers $4.6 billion acquisition of Equity One

Overview:

• Grocery shopping centre real estate investment trust (REIT) Regency Centers has acquired retail properties manager Equity One in a $4.6 billion deal.
• As part of the agreement, each share of Equity One will be converted into 0.45 newly issued shares of Regency stock.
• Regency shareholders will own about 62% of the newly formed company.
• JPMorgan Securities acted as financial adviser for Regency, while Barclays and Citigroup Global Markets advised Equity One.

Kurt Stumpo - Journalist