Ashford Mulls Secondary Offering
Posted on June 29, 2011 at 14:35 PM EDT
Ashford Hospitality Trust Inc. (NYSE:AHT), the second largest lodging real estate investment trust (REIT) in the U.S., has recently announced its decision to issue 6.0 million common shares to raise cash and repay its debt. The company will also grant the underwriters an option to purchase an additional 0.9 million shares to cover any over-allotments. [...]
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