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Cedar Shopping Centers, Inc.
Cedar Shopping Centers Prices Offering of 7,500,000 Common Shares
February 20th, 2010
Cedar Shopping Centers, Inc. (NYSE:CDR) announced the pricing of its public offering of 7,500,000 newly issued shares of common stock at $6.60 per share. The offering is expected to close on Friday, February 5, 2010. Net proceeds to the Company after offering expenses are estimated at $47.0 million. In addition, the underwriters of the offering have been granted a 30-day option to purchase an additional 1,125,000 shares of common stock to cover over-allotments, if any, which, if exercised in full, would result in approximately $7.1 million of additional proceeds to the Company. The shares will be issued under the Company's currently effective shelf registration statement filed with the...
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Source: Business and Finance Week (2010-02-20)