Liberty Property Trust (LRY) Announces Offering of 4.75 Million Shares
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Liberty Property Trust (NYSE: LRY) announced that it plans to sell 4,750,000 newly issued common shares in an underwritten public offering pursuant to its effective shelf registration previously filed with the Securities and Exchange Commission.
Liberty Property Trust expects to grant the underwriters an option to purchase up to an additional 712,500 shares during the next 30 days.
The joint book-running managers for this offering are Banc of America Securities LLC, Citi and J.P. Morgan Securities Inc. Morgan Stanley & Co.
Liberty Property Trust is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties.
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