September 16, 2014 / 12:46 PM / 4 years ago

Washington Prime to buy Glimcher Realty in deal valued at $4.3 bln

Sept 16 (Reuters) - Washington Prime Group, a retail real estate investment trust, said it would buy Glimcher Realty Trust in a cash-and-stock deal valued at about $4.3 billion, including debt.

Washington Prime’s said its offer was valued at $14.20 per share, representing a premium of 34 percent to Glimcher’s Monday’s close. (Reporting by Ankit Ajmera in Bangalore; Editing by Savio D’Souza)

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