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Monogram Residential Trust begins NYSE trading; sets $100M buyback

Nov. 21, 2014 3:15 PM ETBy: Stephen Alpher, SA News Editor
  • Formerly a non-traded REIT known as Behringer Harvard Multifamily REIT I, Monogram Residential Trust (MORE) commenced trading today at $9 per share. It's currently up 2.8% to $9.25.
  • In connection with the public listing, Monogram commences a Dutch Auction for up to $100M worth of company stock. Monogram will select the lowest price not greater than $9.25 nor less than $8.50. The tender offer expires on December 19.
  • Source: Press Release

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