News & Events

The Firm is representing J.P. Morgan Securities LLC as financial advisor to Regency Centers Corporation (NYSE: REG) in its definitive merger agreement with Equity One, Inc. (NYSE: EQY). Under the terms of the agreement, Equity One will merge with and into Regency Centers, creating what the parties expect to be the preeminent shopping center REIT with a combined pro-forma equity market capitalization of approximately $11.7 billion and total market capitalization of approximately $15.6 billion. Each share of Equity One common stock will be converted into 0.45 shares of newly issued Regency Centers common stock. On a pro-forma basis, following the merger, Regency Centers shareholders are expected to own approximately 62% of the combined company’s equity and former Equity One shareholders are expected to own approximately 38%. The merger is subject to customary closing conditions, including shareholder approvals.

Regency Centers, founded more than 50 years ago, is the preeminent national owner, operator and developer of high-quality, grocery anchored neighborhood and community shopping centers. The Company’s portfolio of 307 retail properties encompasses over 42.1 million square feet located in top areas throughout the United States, including co-investment partnerships. Regency has developed 223 shopping centers since 2000, representing an investment at completion of more than $3 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.

The Simpson Thacher team includes Rob Spatt and Stephen Wiseman (M&A).