logo
Share SHARE
FONT-SIZE Plus   Neg

Glimcher Realty Trust Prices 20 Mln Shares At $9.90/shr - Quick Facts

Glimcher Realty Trust (GRT) announced the pricing of 20 million common shares at a price of $9.90 per share pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission.

The company said it has granted the underwriters a 30-day option to purchase up to an additional 3 million common shares.

Glimcher Realty Trust plans to use the net proceeds from the offering to fund the acquisition of the 80% indirect ownership interest in Pearlridge Center in Honolulu, Hawaii held by affiliates of Blackstone Real Estate Partners VI or for other general corporate purposes, which may include the payment of a portion of the balance outstanding on our credit facility.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform. Discount retailers Dollar Tree Inc. and Dollar General Corp. both reported results for the second quarter that missed analysts' expectations. Looking ahead, Dollar Tree also forecast revenue for the third quarter below analysts' estimates and lowered its full-year revenue outlook. Shares of both companies are falling in pre-market activity.
comments powered by Disqus
Follow RTT