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Rouse -4.3% after secondary offering

  • The offering of 7M shares with 1.05M share greenshoe would add more than 16% to the float if the option is taken up in full.
  • In addition to the usual general corporate purposes, Rouse (RSE -4.3%) intends to use the proceeds to pay off debt taken out to fund the purchase of two enclosed malls last month.
  • Press release
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