Konover Property Trust.

• Position: Regional Report: Triangle - Being acquired - Brief Article

Konover Property Trust, a real-estate investment trust based in Cary, has agreed to be acquired by New York-based Kimco Realty and Prometheus Southeast Retail Trust for $67 million -- $2.10 per common share and $2.21 per preferred share. Prometheus, an affiliate of Lazard Freres, an investment bank, already owns 66% of Konover common stock. Less than a week after the deal was floated, Konover preferred stockholders said they would oppose it and called for the...