Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade GRT now with 

Glimcher Realty Trust (GRT: Quote) 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.

Click here to receive FREE breaking news email alerts for GLIMCHER REALTY TRUST and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.