Welsh REIT delays IPO, drops share price

06/4/2010 | Star Tribune (Minneapolis-St. Paul, Minn.)

Welsh Property Trust has delayed a planned initial public offering that had been scheduled for this week. It also dropped the price of the common shares that will be offered to $16 to $16.50 a share. Originally, they had been priced at $19 to $21 per share. It also is planning to increase the number of shares offered, which means the net expected proceeds will remain $315.2 million.

View Full Article in:

Star Tribune (Minneapolis-St. Paul, Minn.)

Published in Brief: