Health Care REIT, Inc.
Health Care REIT, Inc. Announces Pricing of 3,000,000 Shares of Common Stock
Published in Hospital Law Weekly, March 20th, 2008
Health Care REIT, Inc. (NYSE:HCN) announced the pricing of its underwritten public offering of 3,000,000 shares of common stock at $41.44 per share. The company has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares to cover over-allotments, if any. The company estimates that the gross proceeds from this offering will be approximately $124.3 million (or approximately $143.0 million if the underwriters' over-allotment option is exercised in full).
The company intends to use the net proceeds from this offering to invest in additional health care and senior housing properties. Pending such use, the company intends to use the net...
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Source: Hospital Law Weekly (2008-03-20)
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