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Shareholder Objects To 'Unfair' $1.4B Urstadt Biddle Sale

By Aaron Keller ( July 24, 2023, 4:39 PM EDT) -- The trustee of a stockholder in publicly traded real estate trust Urstadt Biddle Properties Inc. has filed a Connecticut state court lawsuit objecting to the terms of what he refers to as a proposed $1.4 billion sale to Florida-based Regency Centers Corp., saying a planned all-stock transaction is "unfair" because it is "well below the intrinsic value of the company."...

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