Winthrop Realty Trust Prices 5 Mln Units at $11.25 Each
Winthrop Realty Trust (FUR) is lower after it says it priced 5 million common units at $11.25 each. Its management and its affiliates have agreed to purchase in the offering 200,000 common shares at the same price as will be initially offered by the underwriters to others. Winthrop Realty granted the underwriters an option for 30 days to purchase up to an additional 750,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on April 6.
Credit: Financial News Network
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