Avatar Holdings Prices Around 2.3M Shares
Stock quotes in this article:
AVTR
NEW YORK (AP) — Avatar Holdings Inc., a real estate operator, said Wednesday it priced around 2.3 million shares at $18 per share in a public offering.
That's up from the previously announced size of 1.6 million shares. Barclays Capital Inc. is the sole underwriter and has an overallotment option to buy an additional 337,500 shares. The offering is expected to close Sept. 28. Proceeds will be used for general corporate purposes and possible new acquisitions of real estate. Shares of the company declined $1.03, or 5.4 percent, to $18.07.- Loading Comments...
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