Sovran Self Storage prices stock offering at $29.75
By APWednesday, September 30, 2009
Sovran prices offering of 3.5M shares
BUFFALO, N.Y. — Sovran Self Storage Inc., a real estate investment trust, on Wednesday priced its public offering of 3.5 million shares of common stock at $29.75 each.
After expenses, the offering is expected to raise $98.8 million. Proceeds will be used to repay debt and for general corporate purposes.
The self-storage facilities manager said the offering is expected to close Oct. 5.
Discussion
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October 9, 2009: 9:41 am
That seems like a big opening for a self storage company. Any idea how that compares to similar companies? |
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