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Plazacorp agrees to acquire Keyreit, trumps Huntingdon bid

Blog by Brad Herman | March 26th, 2013

Plazacorp Retail Properties said on Monday it has agreed to acquire Keyreit (KRE.DB.A-T 101.35 0.00 0.00%) for roughly $119 million, a move that trumps an unsolicited bid from Huntingdon Capital (HNT-T 12.34 0.00 0.00%) and allows Plazacorp to expand its retail property footprint.