UDR (UDR) files a 19M share secondary offering. The company plans to use the proceeds to redeem...

|By:, SA News Editor

UDR (UDR) files a 19M share secondary offering. The company plans to use the proceeds to redeem preferred stock and pay down debt. BofA Merrill Lynch and JP Morgan will serve as joint book-runners for the offering. Shares -1% AH.