Weingarten Realty Investors, Houston, has priced a pubic offering of 3 million shares of common shares of beneficial interest at $34.20 per share. The real estate investment trust said it will use the net proceeds to repay outstanding debt under its revolving debt facilities and for general corporate purposes. Weingarten has granted the underwriters an option to buy up to 450,000 additional shares to cover any overallotments. Merrill Lynch & Co. and Morgan Stanley are the joint book-running managers for the offering. The REIT can be found online at http://www.weingarten.com.
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