BioMed Realty Prices Stock Offering

Published January 11, 2007, 3:00 p.m. EST

1 Min Read

BioMed Realty Trust Inc., San Diego, has priced a public offering of 8.0 million shares of 7.375% series A cumulative redeemable preferred stock at $25 per share.Wachovia Capital Markets LLC, Morgan Stanley & Co., and Raymond James & Associates are the joint book-runners for the offering. BioMed said it has granted the underwriters an option to buy up to 1.2 million additional shares to cover any overallotments. BioMed specializes in acquiring, developing, and managing laboratory and office space in the life science industry. It can be found online at http://www.biomedrealty.com.

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