Proceeds from the sale of half of the shares will be used to payfor an equal number of limited partner units delivered by GlobalInnovation Partners for redemption. The remaining net proceeds willbe used to reduce borrowings under the company's unsecured creditfacility, debt the company intends to build back up to fundacquisitions and redevelopments.

"The company is actively pursuing multiple opportunities forpotential acquisitions, with due diligence and negotiations atdifferent stages of advancement," company executives said in aprepared statement when the offering was originally announced.

Merrill Lynch & Co. and Citigroup Corporate and InvestmentBanking are serving as joint book-running managers for theoffering. When the offering was originally announced Monday, Sept.25, Digital Realty's share price closed out the day at $30.29, off$0.05 from Friday's close. In afternoon trading today, thecompany's share price stands at $30.82, up $0.30 on the day.

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