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Kimco Realty Pays $2.9 B for Pan Pacific |
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Author: Elena Todorova
123jump.com
Last Update: 11:54 AM EDT July 10 2006
Stocks rallied Monday as after weeks of volatile trading on confusion about interest rates, investors gained optimism for a strong Q2 earnings session. A few multibillion-dollar acquisitions also helped to generate positive sentiment. Kraft Foods Inc. agreed to buy the Spanish and Portuguese units of United Biscuits for $1.07 billion and Kimco Realty Corp. agreed to acquire Pan Pacific Retail Properties Inc. for $2.9 billion. |
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