(For more retail coverage, click GlobeSt.com/RETAIL.)
NEW HYDE PARK, NY-With Kimco Realty Corp.'s plans to acquire SanDiego-based Pan Pacific Retail Properties Inc. for $2.9 billion incash and stock, or about $70 per share, still the buzz, itssecond-quarter conference call was all about acquisitions.
Pan Pacific owns a portfolio of 138 retail properties totalingapproximately 22.6 million square feet. Kimco will assume PanPacific's outstanding debt of $1.1 billion for a total transactionvalue of $4 billion.
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