Cedar Realty Trust (CDR) announces dual-track review of strategic alternatives to maximize shareholder value

POTENTIAL DEAL DETAILS

Cedar Realty Trust (CDR) announced that its Board of Directors has initiated a dual-track process to review the Company’s strategic alternatives in order to maximize shareholder value.  As part of this process, Cedar is exploring, among other alternatives, a potential sale or merger involving the entire Company, and alternatively the potential sale of its core grocery-anchored shopping center portfolio and its mixed-use redevelopment projects.

Update(s):

March 2, 2022: Cedar Realty Trust (CDR) announced that following its previously announced dual-track review of strategic alternatives, it has entered into definitive agreements for the sale of the Company and its assets in a series of related all-cash transactions:

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