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Cedar Realty Trust rejects offer from Wheeler REIT
November 27, 2017 / 11:22 AM / 19 days ago

Cedar Realty Trust rejects offer from Wheeler REIT

Nov 27 (Reuters) - U.S. shopping center owner Cedar Realty Trust Inc said on Monday it was rejecting an unsolicited offer from Wheeler Real Estate Investment Trust to combine the two companies.

Cedar said the offer was “unrealistic” and cited Wheeler’s poor returns and performance for rejecting it. (Reporting by Sanjana Shivdas; Editing by Martina D‘Couto)

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