The underwriters of Newton-based Senior Housing Properties Trust’s secondary offering have exercised their over-allotment option to purchase an additional 1.9 million shares of beneficial interest, raising additional net proceeds of approximately $36.8 million.

The settlement of the over-allotment option is expected to occur on Dec. 15, according to a statement.

Senior Housing Properties Underwriters Exercise Over-Allotment Option

by Banker & Tradesman time to read: <1 min
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