Weingarten Realty Investors Extends Tender Offer

Industrials

The Associated Press

06/09/09 - 10:52 AM EDT

HOUSTON (AP) Real estate investment trust Weingarten Realty Investors said Tuesday it extended by one day an offer to repurchase some outstanding notes.

The tender offer was previously set to expire on Monday.

Weingarten extended a repurchase offer for seven classes of notes with an outstanding value of $282.5 million.

A total of $103 million in notes have been tendered, as of Tuesday.

Last week, the company said it commenced two cash tender offers for up to $350 million of notes.

JPMorgan Securities Inc. is serving as dealer and manager.

Shares of the real estate investment trust that specializes in shopping center and industrial developments fell 19 cents to $15.56 in afternoon trading.

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