10 hours, 53 minutes ago
by tumbleweed
Kimco Realty Corp. (KIM:US) fell 4.4 percent to $12.51 and slipped 6.5 percent earlier, the most intraday since Nov. 5. The largest U.S. owner of community shopping centers said it plans to sell 25 million shares of common stock and use the proceeds to pay debt. The creation of additional shares tends to dilute future earnings for existing shareholders.
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