- 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
Rouse -4.3% after secondary offering
Jan 7 2014, 12:47 ET