(To read more on the debt and equity markets, click here.)
CHICAGO-Grubb & Ellis Co. has closed its public offering of10 million shares of company stock. At a price of $9.50 per share,the five million shares sold by the company and its largeststockholder generated proceeds of $44.4 million.
The company has agreed to sell up to an additional 1.5 millionshares of the company's common stock at the same price if theunderwriters exercise their over-allotment option to purchaseadditional shares of common stock from the company by July 29.
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