Skip navigation
Retail Traffic

Excel Legacy to merge with Price Enterprises

San Diego – Locally based Excel Legacy Corp. and Price Enterprises Inc. entered into a merger agreement to form Price Legacy Corp., which will operate as a REIT. The new company also will operate a wholly owned Taxable REIT Subsidiary (TRS), which will be named Excel Legacy Corp.

The merger is structured to qualify as a tax-free reorganization and is therefore subject to the approval of the stockholders of both companies and to other closing conditions. The merger is expected to close by mid 2001.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish