Cedar Shopping Centers Prices Offering of 7,500,000 Common Shares
Cedar Shopping Centers, Inc. (NYSE: CDR) announced today the pricing of its public offering of 7,500,000 newly issued shares of common stock at $6.60 per share. The offering is expected to close on Friday, February 5, 2010. Net proceeds to the Company after offering expenses are estimated at $47.0 million. In addition, the underwriters of the offering have been granted a 30-day option to purchase an additional 1,125,000 shares of common stock to cover over-allotments, if any, which, if exercised in full, would result in approximately $7.1 million of additional proceeds to the Company. The shares will be issued under the Company’s currently effective shelf registration statement filed with the Securities and Exchange Commission.
KeyBanc Capital Markets and Raymond James are the joint book-running managers for the offering. [Read the full article]
Cedar Shopping Centers, Inc. (NYSE: CDR) announced today that as a result of its underwritten public offering of 7,500,000 shares of its common stock, RioCan Real Estate Investment Trust (TSX: REI.UN) has agreed to purchase 1,250,000 additional shares of common stock which, together with the 6,666,666 shares previously purchased by RioCan at $6.00 per share and the warrant to purchase an additional 1,428,570 at $7.00 per share, as previously announced, will result in an approximate 14.3% pro rata percentage ownership of Cedar shares on a fully diluted basis. In connection with Cedar’s previously announced transaction with RioCan, subject to certain exceptions, RioCan contractually has the right to purchase its pro rata interest, up to approximately 14.6% of any new shares of common stock proposed to be sold by Cedar. [Read the full article]
Kraft Foods announces that all of the Conditions to its recommended Final Offer have been satisfied or waived and, accordingly, the Offer is wholly unconditional.
The Final Offer will remain open until further notice and at least 14 days’ notice will be given if Kraft Foods decides to close the Final Offer. Cadbury Securityholders who have not yet accepted the Offer are encouraged to do so without delay.
“The combination of Kraft Foods and Cadbury creates a global powerhouse in snacks, confectionery and quick meals. Together we have impressive global reach and an unrivalled portfolio of iconic brands, with tremendous growth potential. I warmly welcome Cadbury employees into the Kraft Foods family and look forward to meeting many of them in the days and weeks ahead. This combined company has a phenomenal future, and I firmly believe it will deliver outstanding returns to our shareholders.”
As at 1.00 p.m. [Read the full article]
ACCESS PHARMACEUTICALS, INC. (OTC Bulletin Board: ACCP), today announced that it closed its previously announced sale of approximately 2.10 million shares of its common stock and warrants to purchase approximately 1.05 million shares of its common stock for gross proceeds of approximately $6.3 million on January 22, 2010. Access sold the shares and warrants for $3.00 per unit (each unit consisting of one share and a warrant to purchase 0.5 shares of common stock). The exercise price of the warrants is $3.00 per share.
The common stock and warrants are being offered by Access pursuant to an effective registration statement(s) on Form S-1 filed with the Securities and Exchange Commission (“SEC”). A prospectus relating to the offering will be filed with the SEC. [Read the full article]