Boston Properties offering overallotment exercised (AP)
Mon, 8 Jun 2009 19:20:14 Etc/GMT
The company said it will sell a total of 17.25 million shares for about $841.9 million. The offering is expected to close June 10.
Proceeds will be used for general business purposes, which may include investment opportunities and debt reduction.
Morgan Stanley and JPMorgan are serving as joint book-running managers.
Shares fell 49 cents to $49.83. They've traded between $29.30 and $105.80 in the past 52 weeks.
source: http://biz.yahoo.com/ap/090608/us_boston_properties_offering.html?.v=2