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Robert Rex
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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
  • Inland Western = Retail Properties Of America. How Much Is It Worth After The IPO?  0 comments
    Apr 9, 2012 4:21 PM | about stocks: RPAI

    Sometimes these things work, sometimes they don't.

    The recent attempt to salvage value by way of a reverse merger of non traded REIT Inland Western Retail Real Estate Trust into publicly traded shares of Retail Properties of America, Inc. (NYSE:RPAI) did not work.....so far. Perhaps the future will bring an increase in share price, but given the general overall tempo of the economy, I am not optimistic.

    Here are the economic of what happened. Inland Western was initially offered at $10 per share. The IPO of RPAI fell somewhat short of the $12 range predicted, coming out at $8. As of the time of this writing, RPAI is trading at $9, which is good, but that equates to just a little over $3 for the original shares of Inland Western. Check out the terms of the offering, not all of the shares can be traded currently.

    If you have questions about REIT losses or other stock market losses, please do not hesitate to contact us. Nationwide representation. Free consultation. 561 391 1900

    www.RexSecuritiesLaw.com

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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