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
After trending higher over the past several sessions, stocks showed a lack of direction throughout the trading day on Friday before closing roughly flat. A muted reaction to a highly anticipated speech by Federal Reserve Chair Janet Yellen contributed to the lackluster performance. Republican Scott Brown has significantly narrowed the gap in the race against incumbent New Hampshire Sen. Jeanne Shaheen, D-N.H., according to the results of a new WMUR Granite State Poll. On the heels of the violent clashes between local police and protestors in Ferguson, Missouri, Sen. Claire McCaskill, D-Mo., announced that she will hold a Senate hearing in September to examine the militarization of local police departments.
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.