Health Care REIT, Inc.
Health Care REIT, Inc. Announces Offering of 3,500,000 Shares of Common Stock
Published in Hospital Law Weekly, December 20th, 2007
Health Care REIT, Inc. (NYSE:HCN) announced that it has priced a public offering of 3,500,000 shares of its common stock. Health Care REIT is granting the underwriter a 30-day option to purchase up to an additional 525,000 shares of common stock to cover over-allotments, if any. The shares of common stock will be registered under Health Care REIT's existing shelf registration statement on file with the Securities and Exchange Commission.
Health Care REIT estimates that the gross proceeds from this offering will be approximately $147.5 million (or approximately $169.6 million if the underwriter's over-allotment option is exercised in full). Health Care REIT intends to...
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Source: Hospital Law Weekly (2007-12-20)
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