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A class-action lawsuit initiated by four Prime Retail shareholders has prompted the retail real estate investment trust and The Lightstone Group, Lakewood, N.J., to amend a previously- reported merger.
Specifically, the REIT is increasing payouts to its shareholders and unit holders to $115.5 million, from $115 million, and also reallocating the consideration among its different classes of shareholders.
Subsequent to this revision, the company's series A preferred stockholders will get cash compensation of $18.4 per share, up...