DDR Corp. (DDR) announced the commencement of a public offering of approximately 32,000,000 common shares on a forward basis after the close Wednesday.
The company also announced that it agreed to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII. The stock is now down 0.55 on 82K shares.
DDR climbed during the first half of Wednesday's session and closed up by 0.13 at $19.41. The stock has been rising for the last 3 weeks and set a new high for the year.
For comments and feedback: editorial@rttnews.com