DDR Corp. (DDR) announced the commencement of a public offering of approximately 32,000,000 common shares on a forward basis after the close Wednesday.
The company also announced that it agreed to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII. The stock is now down 0.55 on 82K shares.
DDR climbed during the first half of Wednesday's session and closed up by 0.13 at $19.41. The stock has been rising for the last 3 weeks and set a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.