Equity One Successfully Completes Tender Offer
for DIM Vastgoed
April 12, 2010 07:14 AM Eastern Daylight Time
NORTH MIAMI BEACH, Fla.--(EON: Enhanced Online News)--Equity One, Inc. (NYSE:EQY), an owner,
developer, and operator of shopping centers, announced today that it acquired approximately 1.7 ordinary shares of
DIM Vastgoed N.V. in its recently completed public bid. These shares, together with the shares it previously owned
or controlled, give Equity One a 95.5% stake in DIM.
DIM, a Dutch investment fund, the ordinary shares of which are listed on NYSE Euronext, owns 21 shopping
centers consisting of approximately 2.6 million square feet of GLA mostly in the southeastern United States. In
January 2009, Equity One acquired a 74.6% interest in DIM and has consolidated the results of DIM with its results
since that time. As of December 31, 2009, DIM’s properties were 92.1% leased.
In connection with its public bid, Equity One disclosed its intention to terminate DIM’s listing on the NYSE Euronext
and initiate statutory squeeze-out provisions if it successfully acquired more than 95% in the public bid. These
measures will eliminate the administrative expenses incurred by Equity One to maintain DIM’s public listing.
ABOUT EQUITY ONE, INC.
As of December 31, 2009, Equity One owned or had interests in 182 properties, consisting of 168 shopping centers
comprising approximately 19.0 million square feet, three projects in development/redevelopment, six non-retail
properties, and five parcels of land. Additionally, Equity One had joint venture interests in twelve shopping centers
and one office building totaling approximately 1.9 million square feet.
FORWARD LOOKING STATEMENTS
Certain matters discussed by Equity One in this press release constitute forward-looking statements within
the meaning of the federal securities laws.Although Equity One believes that the expectations reflected in
such forward-looking statements are based upon reasonable assumptions, it can give no assurance th