Dickinson Aids Agellan On $131M Commercial REIT IPO

Law360, New York (March 13, 2013, 6:08 PM EDT) -- Canada's Agellan Commercial Real Estate Investment Trust has completed an initial public offering for $134.6 million (US$130.9 million), selling nearly 3.5 million units through a syndicate of underwriters and using the proceeds to buy a portfolio of 23 North American properties, it said Wednesday.

Agellan sold the units at CA$10 per share, employing a group of underwriters led by BMO Capital Markets and Canadian Imperial Bank of Commerce Inc. The banks have the option to buy an additional 2 million units from REIT at the same...
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