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Wheeler REIT denies offer for Cedar Realty

Wheeler Real Estate Investment Trust Inc. in a release clarified that it did not make an unsolicited offer to acquire Cedar Realty Trust Inc.

According to Wheeler, the company sent a letter to Cedar's board of directors on Nov. 22 that suggested representatives of both companies should meet to discuss possible methods to enhance shareholder value, including possible acquisition opportunities.

According to the company, Cedar responded to its communication by publicly releasing incorrect information suggesting that Wheeler offered to acquire Cedar.