Welsh eyes acquisitions with $315.2 million IPO

05/17/2010 | Wall Street Journal, The

Welsh Property Trust plans to sell $315.2 million in shares through an initial public offering, according to its filing with the Securities and Exchange Commission. With the proceeds, as well as other financing, it plans to buy 23 industrial properties for $347.9 million and will consider purchasing an additional 14 properties for $282.8 million.

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Wall Street Journal, The

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