logo
Plus   Neg
Share
Email

Camden Property Trust Prices Public Offering Of 4.75 Mln Shares For $445.3 Mln

Camden Property Trust (CPT) announced that it has priced public offering of 4.75 million common shares for gross proceeds of about $445.3 million. The offering is expected to close on September 14, 2017.

Deutsche Bank Securities and J.P. Morgan, the joint book-running managers for the offering, have been granted a 30-day option to purchase up to an additional 712,500 common shares.

Camden intends to use net proceeds for general corporate purposes.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Facing criticism from the government's top ethics watchdog, Commerce Secretary Wilbur Ross revealed Thursday he will sell all of his remaining stock holdings. A well-known investor prior to joining President Donald Trump's administration, Ross acknowledged making inadvertent errors in completing the divestitures required by his ethics agreement. Worldwide personal-computer shipments grew for the first time in six years during the second quarter of 2018, according to preliminary data from two market research firms. Gartner Inc. said that worldwide PC shipments increased 1.4 percent year-over-year to 62.1 million units in the second quarter of 2018, marking the first quarter of growth since the first quarter of 2012. The Centers for Disease Control and Prevention or CDC has recommended people to not eat any Kellogg Co.'s Honey Smacks cereal as it has been linked to a multistate outbreak of salmonella infections. According to the CDC, 100 people in 33 states have been infected with the outbreak strain. While 30 people have been hospitalized, no deaths have been reported.
Follow RTT