Weingarten Realty Prices Share Offering
Stock quotes in this article:
WRI
HOUSTON (AP) Real estate investment trust Weingarten Realty Investors said Friday it priced its public offering of 28 million shares at a price of $14.25 per share.
The offering price represents a discount of 9 percent from Thursday's closing price of $15.68. The company, which specializes in shopping center and industrial developments, said it intends to use proceeds from the offering expected to be about $381.9 million to lower its outstanding borrowings on its revolving credit facility and for general corporate purposes. The offering is expected to close on April 22. Shares fell 48 cents, or 3 percent, to $15.20 in trading after the opening bell.- Loading Comments...
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