Alesco Financial Prices Secondary

The real estate investment trust sells 26.4 million shares at $9 each.
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Updated from Nov. 21

Alesco Financial

(AFN)

priced a secondary offering Tuesday as underwriters sold 26.4 million shares at $9 apiece.

Underwriters, led by Merrill Lynch and Bear Stearns, were granted an over-allotment option to sell an additional 3.96 million shares.

Shares of the real estate investment trust were recently up 5.5% at $9.51.

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