Jones Lang LaSalle
Boston Properties holders to sell shares
MAR. 31 7:24 A.M. ET Boston Properties Inc., a real estate investment trust, said Friday certain shareholders plan to sell 3.3 million shares, plus up to 487,500 for the underwriter's overallotment option.
The company, which has about 112.6 million shares outstanding, won't get proceeds from the stock sale.
In addition, the company's division, Boston Properties L.P., intends to offer about $400 million of exchangeable notes, plus a 15 percent overallotment option for the underwriter.
Morgan Stanley is the sole bookrunner for the proposed offerings.
Boston Properties, which is joining the S&P 500 index, invests primarily in office properties. The company's shares closed Thursday at $96.31 on the New York Stock Exchange.
Boston Properties holders to sell shares
MAR. 31 7:24 A.M. ET Boston Properties Inc., a real estate investment trust, said Friday certain shareholders plan to sell 3.3 million shares, plus up to 487,500 for the underwriter's overallotment option.
The company, which has about 112.6 million shares outstanding, won't get proceeds from the stock sale.
In addition, the company's division, Boston Properties L.P., intends to offer about $400 million of exchangeable notes, plus a 15 percent overallotment option for the underwriter.
Morgan Stanley is the sole bookrunner for the proposed offerings.
Boston Properties, which is joining the S&P 500 index, invests primarily in office properties. The company's shares closed Thursday at $96.31 on the New York Stock Exchange.
posted by Jones Lang LaSalle NJ News Blog at 9:58 AM
<< Home