Vornado Completes Spinoff Of Urban Edge Properties And Will Remain in S&P 500; Spin Joining Midcap 400

Vornado Realty Trust (VNO) completed the spinoff of its strip mall business, Urban Edge Properties, after the close yesterday. As a reminder, Vornado shareholders should have received 1 share of Urban Edge for every 2 shares of VNO owned. Vornado is currently a member of the S&P 500 index and will remain so post spinoff. Urban Edge, which… Read More »