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BioMed Realty Trust, Inc.
BioMed Realty Trust Announces Public Offering of 7,500,000 Shares of Common Stock
October 18th, 2008
BioMed Realty Trust, Inc. (NYSE:BMR) announced an underwritten public offering of 7,500,000 shares of its common stock. The last reported sale price of BioMed's common stock on the New York Stock Exchange on September 30, 2008 was $26.45. The offering is expected to close on or about October 6, 2008, subject to customary closing conditions. BioMed expects to use the net proceeds of the offering to repay a portion of the outstanding indebtedness under its $600.0 million unsecured line of credit and for other general corporate and working capital purposes. All of the shares are being sold by the company. UBS Investment Bank is acting as the sole underwriter for the...
Source: Law & Health Weekly (2008-10-18)
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