Regency Centers and Urstadt Biddle Properties Inc. announced that the two companies have entered into a definitive merger agreement by which Regency will acquire Urstadt Biddle in an all-stock transaction, valued at approximately $1.4 billion, including the assumption of debt and preferred stock. The combined company is expected to have a pro forma equity market capitalization of approximately $11 billion and total enterprise value of approximately $16 billion.
RBC Capital Markets acted as financial advisor to Regency Centers.
