The Maguire offering, trading under the symbol MPG on the New York Stock Exchange, is being managed by Credit Suisse First Boston LLC and Citigroup Global Markets Inc. Co-managers are Deutsche Bank Securities Inc., Banc of America Securities LLC, UBS Securities LLC, Wachovia Securities LLC, Legg Mason Wood Walker Inc., AG Edwards & Sons Inc. and Raymond James & Associates Inc. The company has granted the underwriters an option to purchase nearly 5.5 million additional shares for over-allotments, if any. In early morning trading, Maguire's new stock was selling for $19.17 per share with volume at more than 6.6 million shares.
Maguire, based in Downtown Los Angeles, is a development and investment company that has built some of the largest trophy office properties in the city's CBD. Headed by Robert F. Maguire III, the company developed and owns the 73-story Library Tower in Downtown LA, along with properties in the Tri-Cities area of Pasadena, Glendale and Burbank as well as properties in the Dallas-Fort Worth area in the corridor between DFW International Airport and Alliance Airport.
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