Liberty Property Trust (LPT) Announces Proposed 8M Share Common Offfering

Go back to Liberty Property Trust (LPT) Announces Proposed 8M Share Common Offfering

Liberty Property Trust Announces Proposed Public Offering of Common Shares

September 5, 2019 4:08 PM EDT

WAYNE, Pa., Sept. 05, 2019 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE: LPT) (Liberty) announced today that it has commenced an underwritten public offering of 8.0 million of its common shares. All of the common shares to be sold in the offering will be offered by Liberty. In addition, Liberty expects to grant the underwriters an option to purchase up to an additional 1.2 million of common shares at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to... More