Senior Housing Properties Raises Stock Offer
NEWTON, Mass. (AP) Senior Housing Properties Trust said Thursday it will offer 6.5 million shares, up from the previously announced 4.5 million shares, at $19.44 each.
The sale is expected to close on Tuesday, and proceeds will be used for general corporate purposes, including funding possible acquisitions. Underwriters have a 30-day option to buy up to an additional 975,000 shares to cover any overallotments. Joint book-running managers for this offering are Bank of America Merrill Lynch, UBS Investment Bank and Wells Fargo Securities. Shares of the company declined 71 cents, or 3.6 percent, to $19.07.- Loading Comments...
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