|
|
Article: Prime Retail to Merge With Horizon Group
- Article from:
- PR Newswire
- Article date:
- November 13, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Prime Retail Will Integrate 20 Horizon Outlet Centers Into its Portfolio and
Become the Largest Outlet Center Owner/Developer in the U.S.
Horizon Will Continue to Operate its Remaining Properties
BALTIMORE, and MUSKEGON, Mich., Nov. 13 /PRNewswire/ -- Prime Retail, Inc. (NYSE: PRT, PRT.PRB) and Horizon Group, Inc. (NYSE: HGI) today announced that their Boards of Directors have unanimously approved and the companies have entered into a definitive merger agreement for an aggregate consideration of approximately $906.3 million, including the assumption of $540.4 million of Horizon debt. As a result of the transaction, Prime Retail will ...