Ventas to offer nearly $1 billion of common stock
Ventas Inc. plans to offer 23.4 million shares of its common stock to help it repay debt it incurred in its purchase of a Canadian real estate investment trust last month, according to a filing with the U.S. Securities and Exchange Commission.
Ventas said it expects to receive about $961.5 million in proceeds from the public offering, based on an assumed price of $42.83 per share (the last sale price of its stock on May 11). The company will set the price at a later date.
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