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DCT Industrial Trust launches $22.5M stock sale (AP)
Mon, 1 Jun 2009 22:00:18 Etc/GMT
If the offering is priced at the industrial real estate investment firm's current share price, it could raise more than $105.3 million.
The company said the funds will be used for general corporate purposes, and could go towards debt repayment.
DCT is also granting underwriters the option to purchase more than 3.3 million shares to cover overallotments, if any.
Joint book-running managers for the offering include Merrill Lynch & Co., J.P. Morgan and Wachovia Securities.
Shares of DCT closed at $4.68, up 4.46 percent for the day.
source: http://biz.yahoo.com/ap/090601/us_dct_offering.html?.v=3