Kimco Realty Corp., New Hyde Park, N.Y., has agreed to sell 1.8 million shares of its common stock to UBS Securities LLC in a public offering.The net proceeds, expected to total approximately $66 million, will be used for general corporate purposes, which may include funding a portion of the capital required for Kimco's expected merger with Mid-Atlantic Realty Trust, the company said. Kimco, a real estate investment trust specializing in shopping centers, has granted the underwriter an option to buy up to an additional 270,000 shares of common stock to cover any overallotments. The REIT can be found online at http://www.kimcorealty.com.
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