logo
Share SHARE
FONT-SIZE Plus   Neg

Retail Properties Of America Announces Full Exercise Of Overallotment Option

Retail Properties of America, Inc. (RPAI) said Wednesday that it has completed its offering of 31.8 million shares of its Class A common stock at $8.00 per share.

The company also said that the underwriters for the offering exercised in full their option to purchase an additional 4.77 million shares of its Class A common stock priced at $8.00 per share to cover overallotments. The sale of the additional 4.77 million shares was also completed today.

The Company's Class A common stock is traded on the New York Stock Exchange under the symbol "RPAI."

J.P. Morgan, Citigroup, Deutsche Bank Securities and KeyBanc Capital Markets were the joint book-running managers for the offering. Wells Fargo Securities was lead manager and Scotiabank and PNC Capital Markets LLC were co-managers.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French aircraft maker Dassault Aviation SA said Wednesday that following repeated delays, it has terminated a contract with French defense company Safran for its Silvercrest engine that was intended to power Dassault's Falcon 5X business jet. Walt Disney Co. has agreed to buy certain assets of Rupert Murdoch's Twenty-First Century Fox, Inc. for about $52.4 billion in stock, the two companies said Thursday. Immediately prior to the acquisition by Disney, 21st Century Fox will separate the Fox Broadcasting network, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off. Crypto Co., engaged in the digital currencies and blockchain sector, announced its plans to execute a 10-for-1 stock split, citing the significant growth in the value and demand for its shares amid the ongoing digital currency market boost. CEO Mike Poutre said, ""We are aware of the recent fluctuation in our stock, and want to see orderly market activity surrounding the trading of our stock."
comments powered by Disqus
Follow RTT