(To read more on the debt and equity markets, click here.)
CHICAGO-Grubb & Ellis Co. has closed its public offering of 10 million shares of company stock. At a price of $9.50 per share, the five million shares sold by the company and its largest stockholder generated proceeds of $44.4 million.
The company has agreed to sell up to an additional 1.5 million shares of the company's common stock at the same price if the underwriters exercise their over-allotment option to purchase additional shares of common stock from the company by July 29.
Deutsche Bank Securities Inc. served as the sole book-running manager of the offering, JPMorgan was co-lead manager of the offering and William Blair & Co. was co-manager of the offering.
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