AMB Property Corp. (NYSE: AMB) announced Tuesday that it plans to offer 12 million shares of its stock, according to Associated Press.
The real estate developer and owner said up to 1.8 million additional shares could also be offered to cover overallotments.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
AMB said it will use the money it makes from the sale to fund general business expenses, such as investments and acquisitions.
AMB shares were unchanged in extended trading, following the announcement. They had risen 89 cents, or 3.2 percent, to close the regular session at $28.64.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
