Cousins Properties Inc. (CUZ) Friday said it completed its public offering of 14.35 million common shares, plus an additional 2.15 million shares issued to the underwriters, at $10.45 per share. The proceeds were about $165.1 million.
The company plans to use a significant portion of the proceeds to acquire 816 Congress Avenue, a Class-A office building in Austin, Texas. In addition, the Company intends to use a portion of the proceeds to redeem in full its outstanding 7.75% Series A Cumulative Redeemable Preferred Stock.
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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.