Stag Industrial Inc. (STAG) Monday said it began offering of 7.25 million common shares. The company also intends to grant the underwriters a 30-day option to purchase up to an additional 1.1 million shares to cover overallotments, if any.
Stag plans to use the proceeds to fund acquisitions currently under contract as well as to fund future acquisitions, repay indebtedness outstanding under its secured corporate revolving credit facility.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.