Realty Income Slips 2%, Prices Upsized Offering of 7.5 Mln S

Financial News Network
March 21, 2011 AT 3:47 AM
Realty Income (O) is down nearly 2% after it priced 7.5 million shares at $34.81 each in a public offering. It is expected to close on March 14. The offering was upsized from an original amount of 6 million shares to the final offering size of 7.5 million shares. The company has also granted the underwriters a 30-day option to purchase up to 1.125 million additional shares of common stock to cover overallotments, if any.