Brixmor Property announces secondary offering of common stock
13/01/2015 10:33
Brixmor Property Group Inc. announced that certain selling stockholders affiliated with Blackstone Real Estate Partners have commenced a secondary offering of 17,500,000 shares of Brixmor's common stock. Upon the consummation of this offering, Blackstone expects that it will cease to own a majority of the shares of Brixmor Property Group Inc. Accordingly, in order to ensure that Blackstone employees will no longer constitute a majority of the Company's board of directors, Blackstone has advised the Company that it expects one of its designees to resign from the Company's board of directors effective upon the consummation of this offering. Brixmor is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering. In addition, none of Brixmor's officers or directors is selling any shares of common stock in the offering. J.P. Morgan and Citigroup are serving as joint book-running managers for the offering.
13/01/2015 10:33
Brixmor Property Group Inc. announced that certain selling stockholders affiliated with Blackstone Real Estate Partners have commenced a secondary offering of 17,500,000 shares of Brixmor's common stock. Upon the consummation of this offering, Blackstone expects that it will cease to own a majority of the shares of Brixmor Property Group Inc. Accordingly, in order to ensure that Blackstone employees will no longer constitute a majority of the Company's board of directors, Blackstone has advised the Company that it expects one of its designees to resign from the Company's board of directors effective upon the consummation of this offering. Brixmor is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering. In addition, none of Brixmor's officers or directors is selling any shares of common stock in the offering. J.P. Morgan and Citigroup are serving as joint book-running managers for the offering.
