Grubb & Ellis PO raises $44m.Grubb & Ellis Company announced the closing of a public offering of an aggregate of 10 million shares of the Company's common stock at a public offering price Offering Price The price at which publicly issued securities are made available for purchase by the investment bank underwriting the issue. A security's offering price includes the underwriter's fee and any management fees applicable to the issue.Notes: Underwriters analyze numerous factors when attempting to determine a security's offering price. of $9.50 per share. Pursuant to the offering, five million shares were sold by each of the company and its largest stockholder, generating aggregate gross proceeds to the company, after underwriting discounts, of $44,412,500. The company has agreed to sell up to an additional 1.5 million shares of common stock at the same public offering Public Offering The sale of equity shares or other financial instruments by an organization to the public in order to raise funds for business expansion and investment. Public offerings of corporate securities in the U.S. must be registered with and approved by the SEC and are normally conducted by an investment underwriter. price per share if the underwriters exercise their over-allotment option to purchase additional shares of common stock from the company by July 29, 2006. Deutsche Bank Securities Inc. served as the sole book-running manager of the offering. JPMorgan was co-lead manager of the offering and William Blair & Company was co-manager Co-manager A second-tier Participant, ranked by size of participation. of the offering.
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