The board of directors of Jacksonville-based Regency Centers Corporation has approved the company’s merger with Equity One. Announced back in November, the deal will see Regency continuing as the surviving public company, with each share of Equity One common stock to be converted into 0.45 of a newly issued share of Regency common stock. Following the closing of the transaction, Regency stockholders are expected to own approximately 62 percent of the combined company’s common stock, and former Equity One stockholders are expected to own approximately 38 percent. Regency expects the merger to close on March 1, 2017. J.P. Morgan Securities LLC is acting as financial advisor, and Wachtell, Lipton, Rosen & Katz is acting as legal advisor, to Regency in connection with the merger.
