Venable represents Inland Real Estate Corporation in its connection with its recently announced acquisition by DRA Advisors LLC for $2.3 billion

Venable represented Inland Real Estate Corporation ("IRC") in connection with its entry into a merger agreement pursuant to which IRC will be acquired by real estate funds managed by DRA Advisors LLC ("DRA"), in a transaction valued at approximately $2.3 billion. Under the terms of the merger agreement, funds managed by DRA will acquire all issued and outstanding common stock of IRC for $10.60 per share in cash. The cash merger consideration represents an approximate 6.6% premium over the IRC’s closing stock price on the last trading day prior to the public announcement of the merger agreement. The transaction is expected to close in the first half of 2016. Venable's corporate team was led by Sharon A. Kroupa, who was assisted by Christopher W. Pate and Gabriel M. Steele.