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Price Legacy Corp.
Ticker Symbol: PLRE* CUSIP: 74144P106 Exchange: AMEX
* NOTE: This security is no longer trading as of 12/21/2004
Company's Online Profile
BUSINESS: Price Legacy Corporation is a San Diego, California, based REIT which acquires, operates, develops and sells open air shopping centers nationwide. The company operates 35 retail properties nationwide with a total asset base including this purchase of approximately $1.2 billion. The company manages its properties through regional offices located in California, Arizona, Virginia and Florida. Price Legacy is committed to providing an environment of stability and growth for its shareholders and tenants. XLG merged with Price Enterprises Inc. (NASDAQ: PREN) to form Price Legacy Corp. (NASDAQ: XLG) effective 9/18/2001.
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Notes: Dec. 21, 2004 -- Price Legacy Corporation (NASDAQ: PLRE) announced today that it has completed its merger with PL Retail LLC, a joint venture between Kimco Realty Corporation (NYSE:KIM) and clients advised by DRA Advisors LLC, pursuant to which PL Acquisition Corp., a wholly-owned subsidiary of PL Retail LLC, merged with and into Price Legacy with Price Legacy continuing as the surviving corporation, with all of its common stock owned by PL Retail LLC. Under the terms of the merger agreement, holders of Price Legacy's common stock will receive $18.85 per share in cash plus a prorated common dividend from October 1, 2004 through the closing of the merger. The total merger consideration to be received by holders of Price Legacy's common stock will equal $19.097 per share. Price Legacy's common stock, Series A Preferred Stock and Series 1 Preferred Stock will each be delisted from the Nasdaq National Market, effective as of the close of business today and deregistered under the Securities Exchange Act of 1934.
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Small Cap Stock -
Market Value $318.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 3333 New Hyde Park Road, New Hyde Park, NY 11042 |
| Main Phone Number |
516-869-9000 |
| Fax Number |
516-869-7133 |
| Investor Relations
David F. Bujnicki
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866-831-4297
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| Toll Free Phone Number |
866-831-4297 |
| CEO - David B. Henry |
CFO - Glenn G. Cohen |
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