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Forest City Enterprises, Inc.
Forest City Enterprises, Inc. Announces Underwriters' Exercise of Over-Allotment Option Related to Offering of Class a Common Shares
June 14th, 2009
Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:and)(NYSE:FCEB) announced that the underwriters have exercised, in full, their over-allotment option to purchase an additional 6.8 million shares in relation to the company's previously announced public offering of 45.5 million Class A common shares, priced at $6.60 per share. Forest City expects to receive net proceeds from this offering of approximately $329.8 million, giving effect to the exercise of the over-allotment option. Forest City intends to use the net proceeds from the sale to reduce its outstanding borrowings under the Company's $750 million revolving credit facility. The joint book-running...
Source: Pharma Investments, Ventures & Law Weekly (2009-06-14)
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