Retail Opportunity (ROIC) Prices 6.5M Offering at 2.9% Discount
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Retail Opportunity Investments Corp. (Nasdaq: ROIC), announced today the pricing of a public offering of 6,500,000 shares of common stock at a price of $10.85 per share, for net proceeds of approximately $67.1 million after the underwriting discount and estimated offering expenses (or approximately $77.2 million if the underwriters' option to purchase additional shares is exercised in full).
The price is a 2.9 percent to Thursday's closing of $11.17.
Retail Opportunity Investments Corp. has granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of common stock. The offering is expected to close on December 7, 2011, subject to customary closing conditions.
The price is a 2.9 percent to Thursday's closing of $11.17.
Retail Opportunity Investments Corp. has granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of common stock. The offering is expected to close on December 7, 2011, subject to customary closing conditions.
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