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Five Star Quality Care Announces Underwriters’ Exercise of Over-Allotment Option

Jun 20, 2011 | Reprints | Unlock Link | Print

Newton’s Five Star Quality Care Inc. announced that the underwriters of its public offering have exercised, in full, their over-allotment option to purchase an additional 1.5 million common shares.

The sale of the additional common shares and the sale of the original public offering of 10 million common shares are expected to close on Tuesday, June 21.

The joint book-running managers for this offering are Jefferies & Co. Inc., Citi and UBS Investment Bank. The co-lead managers for this offering are Morgan Keegan, RBC Capital Markets and Stifel Nicolaus Weisel. The co-managers for this offering are Davenport & Co. LLC and JMP Securities.

Executive Briefing