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Article: PS Business Parks, Inc. Announces Pricing of Common Stock Offering.
- Article from:
- Investment Weekly News
- Article date:
- August 29, 2009
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PS Business Parks, Inc. (NYSE:PSB) announced the pricing of a public offering of 3,000,000 shares of its common stock at a price of $46.50 per share, for net proceeds of approximately $133.4 million after underwriting discounts and commissions and estimated offering expenses (or approximately $153.4 million if the underwriters' over-allotment option is exercised in full). PS Business Parks has granted the underwriters the option to purchase up to an additional 450,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on August 14, 2009, subject to customary closing conditions. All of the shares were offered by PS Business Parks and ...
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