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Real Estate Finance Cos. Colony, Apollo Halve IPOs

Law360, New York (September 23, 2009) -- Real estate investment trusts Colony Financial Inc. and Apollo Commercial Real Estate Finance Inc. halved their proposed initial public offerings Wednesday.

Colony revised its IPO to 12.5 million shares at $20 per share, in a deal now worth $250 million. The company had filed for a 25 million share IPO on...

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