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Underwriters fully exercise overallotment option in CatchMark offering
M&A rebound sparks optimism for near-term deal activity
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Six trends shaping the industries and sectors we cover in 2021
Six trends shaping the industries and sectors we cover in 2021
Timber real estate investment trust CatchMark Timber Trust Inc. said underwriters in its 5.0 million-share common stock offering fully exercised their option to acquire an additional 750,000 shares of class A common stock at $12.60 apiece.
The exercise of the overallotment option raised the gross proceeds from the offering to roughly $72.5 million.
Raymond James, Citigroup, Stifel and RBC Capital Markets acted as joint book-running managers for the offering.