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Article: Macerich Announces Closing of Public Offering of Common Stock.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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The Macerich Company (NYSE:MAC) announced the closing of its previously announced offering of 12,000,000 newly issued shares of its common stock, as well as the closing of the underwriters' over-allotment option to purchase an additional 1,800,000 shares of common stock. The net proceeds of the offering, after giving effect to the issuance and sale of all 13,800,000 shares of common stock at an initial price to the public of $29.00 per share, were approximately $383,192,000 after deducting underwriting discounts, commissions and offering expenses. The company used the net proceeds of the offering to repay a portion of the outstanding balance under its $1.5 billion ...
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