{"id":1003700581,"date":"2008-01-23T12:00:00","date_gmt":"2008-01-23T20:00:00","guid":{"rendered":"https:\/\/64.70.41.235\/2008\/01\/23\/inland-american-seeks-control-of-cedar-shopping-centers\/"},"modified":"2022-12-08T01:56:49","modified_gmt":"2022-12-08T09:56:49","slug":"inland-american-seeks-control-of-cedar-shopping-centers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inland-american-seeks-control-of-cedar-shopping-centers\/","title":{"rendered":"Inland American Seeks Control of Cedar Shopping Centers"},"content":{"rendered":"<p>Inland American Real Estate Trust, which already owns 9.8 percent of the outstanding stock in Cedar Shopping Centers Inc., is seeking a waiver of a provision in Cedar\u2019s charter barring any person or group from owning more than 9.8 percent of the company\u2019s outstanding stock, according to an SEC 13D filed yesterday. The filing further states that Inland American is \u201cconsidering seeking control of the Company through various courses of action,\u201d including acquiring additional Cedar shares, \u201cproposing a merger or sale or similar transaction,\u201d or seeking representation on Cedar\u2019s board of directors. At presstime, an Inland spokesperson had declined to comment on the transaction, and Cedar had not yet been reached for comment. The filing noted that Inland has purchased a total of more than 4.3 million shares of Cedar stock since July 2007 for a total price of more than $46.9 million. Of that total, nearly 2.8 million shares has been purchased in just the past 60 days. Cedar Shopping Centers is a fully integrated REIT that focuses on owning, operating, developing and redeveloping supermarket-anchored shopping centers in nine states on the East Coast and in New England. Cedar went public in October 2003 and currently owns and operates 118 properties totaling more than 12 million square feet of GLA, as well as owning more than 200 acres of development parcels. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inland American Real Estate Trust, which already owns 9.8 percent of the outstanding stock in Cedar Shopping Centers Inc., is seeking a waiver of a provision in Cedar\u2019s charter barring any person or group from owning more than 9.8 percent of the company\u2019s outstanding stock, according to an SEC 13D filed yesterday. The filing further&hellip;<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1003700581","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Inland American Seeks Control of Cedar Shopping Centers - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/inland-american-seeks-control-of-cedar-shopping-centers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inland American Seeks Control of Cedar Shopping Centers\" \/>\n<meta property=\"og:description\" content=\"Inland American Real Estate Trust, which already owns 9.8 percent of the outstanding stock in Cedar Shopping Centers Inc., is seeking a waiver of a provision in Cedar\u2019s charter barring any person or group from owning more than 9.8 percent of the company\u2019s outstanding stock, according to an SEC 13D filed yesterday. 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