Mills Plans Stock Offering

The Mills Corp., Arlington, Va., is planning an offering of two million shares of cumulative redeemable preferred stock at approximately $25 per share.The retail real estate investment trust is filing a preliminary prospectus with the Securities and Exchange Commission relating to the offering, and the REIT said it expects to get the stock listed on the New York Stock Exchange. The managers for the offering include Deutsche Bank Securities and Legg Mason Wood Walker. The REIT had reported that it might make a common or preferred stock offering to partly finance the recent acquisition of six retail properties for approximately $621 million.

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