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RioCan CEO Edward Sonshine.
RioCan CEO Edward Sonshine.
(Kevin Van Paassen/The Globe and Mail)

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RioCan’s making moves in urban markets

You could argue that RioCan REIT is getting the short end of the stick in the revised takeover bid for Primaris Retail REIT.

Initially, RioCan teamed up with the consortium that lobbed in a hostile bid for Primaris, and was supposed to scoop up $1.1-billion in assets. Under the new deal, RioCan’s acquiring just two properties for $362-million.