Aegis Realty Inc., New York, has announced that its planned merger with Phillips Edison Ltd. will become effective during the week of March 24 if it is approved at a special meeting of stockholders scheduled for March 21.Aegis stockholders will receive an expected cash merger consideration of $11.52 per share, plus an additional amount linked to the company's first-quarter dividend, the real estate investment trust said. Trading of the stock will continue through the close of business on the effective date of the merger. Phillips Edison is a privately held owner of grocery-anchored community shopping centers.
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