U-Store-It Trust, a Cleveland-based real estate investment trust, has priced an initial public offering of 25 million shares of common stock at $16 per share.The shares will trade on the New York Stock Exchange under the symbol YSI, the self-storage REIT said. Lehman Brothers Inc. was the sole bookrunning manager of the offering. The underwriters have been granted an option to buy up to 3.75 million additional shares to cover any overallotments.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
