Cogdell Spencer Inc. (NYSE: CSA) announced Thursday it will price a stock offering of 6.5 million shares at $7 per share, according to Associated Press.
The real estate investment trust said it expects proceeds of about $43.5 million, or about $50 million if underwriters exercise in full their option to purchase an additional 975,000 shares.
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The offering will close May 18.
Citi and KeyBanc Capital Markets acted as joint book-running managers. BB&T Capital Markets, BMO Capital Markets, Janney Montgomery Scott, Morgan Keegan & Co. Inc. and Raymond James acted as co-managers.
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