Brontekst bekijken van Cedar Realty Trust Rejects Offer From Commercial REIT Wheeler

Nov 27 (Reuters) - U.S. shopping center owner Cedar Realty Trust Inc said on Monday it was rejecting an  [http://chungcu378minhkhai.com.vn/ 378 minh khai] unsolicited offer from Wheeler Real Estate Investment Trust to combine the two companies.<br><br>Cedar said the offer, which it said it believed was encouraged by activist hedge [http://Dict.Leo.org/?search=fund%20Snow fund Snow] Park Capital, was "unrealistic" and cited Wheeler's poor returns and performance for rejecting it.<br><br>Wheeler has a market cap of $88.8 million and Cedar's is $553.4 million, according to Reuters calculations.<br><br>Cedar said the sizes of  [http://chungcu378minhkhai.com.vn/ chungcu378minhkhai.com.vn] the two  [http://chungcu378minhkhai.com.vn/ du an 378 minh khai] companies were "incompatible".<br><br>Last month, Snow Park Capital sent a letter to Cedar urging the company to explore options, including a potential sale.<br><br>Wheeler is a self-managed commercial real estate investment company whose major tenants include Kroger Co and Dollar Tree Inc.<br><br>(Reporting by Sanjana Shivdas; Editing by Martina D'Couto)