Sandler O'Neill Downgrades Liberty Property (LRY) to Hold
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Liberty Property Trust (LRY) Lower After Pricing 21M Share Offering at $36
August 2, 2013 8:51 AM EDTLiberty Property Trust (NYSE: LRY) announced today the pricing of a public offering of 21,000,000 common shares at $36.00 per share. Liberty has also granted the underwriters a 30-day option to purchase up to an additional 3,150,000 common shares. Settlement of the offering will occur on August 7, 2013.
Liberty expects to use the net proceeds from the offering of approximately $725.3 million,... More
