Grubb & Ellis PO raises $44m.
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 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 of the offering.
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|Publication:||Real Estate Weekly|
|Date:||Jul 12, 2006|
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