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Heritage Property Investors Inc

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May 16, 2000 | From Bloomberg News
Bradley Real Estate Inc., unable to compete nationally with other strip shopping center owners, agreed to sell out to Heritage Property Investors Inc. for $1.12 billion in cash and assumed debt. Closely held Heritage will pay $22 a share in cash for each of Bradley's shares and common share equivalents, or a total of $516 million. The price is a 19% premium to Bradley's closing share price of $18.50 on Friday.
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