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Stuart Tanz, President and Chief Executive Officer of Pan Pacific stated "We believe that this offer by the nation's largest publicly-traded owner of shopping centers is in the best interest of our stakeholders and represents an attractive price that fairly reflects the value of Pan Pacific. Stuart Tanz, president of chief executive officer of Pan Pacific, said the acquisition was in keeping with the company's strategy of ``targeting shopping centers which provide day-to-day necessities. Tanz Chairman of the Board Sizeler Property Investors, Inc. |
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