MAA (MAA) Prices 1.7 Million Share Offering at $62.23/Share
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MAA (NYSE: MAA) today announced the public offering price for the 1,700,000 shares of common stock previously sold to UBS Investment Bank and Jefferies & Company, Inc., joint bookrunning managers for the offering, is $62.23 per share, for expected gross proceeds of approximately $105.8 million, before underwriting discounts and estimated expenses. The offering is expected to close on March 2, 2012.
UBS Investment Bank and Jefferies & Company, Inc. acted as joint bookrunning managers for the offering and have been granted a 30-day option to purchase up to an additional 255,000 shares of common stock to cover overallotments.
UBS Investment Bank and Jefferies & Company, Inc. acted as joint bookrunning managers for the offering and have been granted a 30-day option to purchase up to an additional 255,000 shares of common stock to cover overallotments.
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