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Digital Realty off 0.4% as it prices 10.5M-share secondary

Jul. 15, 2015 9:12 AM ETDigital Realty Trust, Inc. (DLR) StockBy: Jason Aycock, SA News Editor
  • Digital Realty Trust (NYSE:DLR) is trading down 0.4% premarket as it's priced a 10.5M-share secondary offering at $68.00, part of the funding for a $1.9B acquisition of private peer Telx.
  • Shares closed yesterday at $68.95. The offering is expected to close on Monday.
  • Underwriters have an option on another 1.575M shares. The company's entered into forward sale agreements with underwriters Bank of America, Morgan Staney and Citigroup to do the deal.
  • Previously: Digital Realty up 1.1% in wake of Telx deal (Jul. 14 2015)

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