Levitt Completes Rights Offering
Shares rise 3.9%.
Levitt
(LEV)
has completed its rights offering and will receive proceeds of more than $153 million in connection with the exercise of the rights by its shareholders.
As a result, Levitt, a builder of single and multi-family home communities and master-planned communities, will be issuing about 76.6 million Class A common shares.
Proceeds will be used for general corporate purposes. Shares of Levitt were up 3.9% at $2.13 Tuesday.
Loading ...