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Pebblebrook Hotel Trust Prices Public Offering of 6.375% Series G Cumulative Redeemable Preferred Shares
May 7, 2021 GMT
BETHESDA, Md. (BUSINESS WIRE) May 7, 2021
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on May 6, 2021, it priced an underwritten public offering of 8,000,000 of its 6.375% Series G Cumulative Redeemable Preferred Shares (the “Shares”) at a public offering price of $25.00 per share, for net proceeds of approximately $193.6 million, after deducting the underwriting discount and estimated offering-related expenses payable by the Company. The offering is expected to close on May 13, 2021, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 Shares solely to cover over-allotments, if any.
Verizon Media sells Yahoo and AOL to Apollo adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Verizon sells Yahoo and AOL to Apollo for $5bn
NEW YORK, 4 hours, 34 minutes ago Verizon, a global telecom conglomerate, has entered into an agreement with Apollo Global Management for the latter to acquire Verizon Media comprised of iconic brands such as Yahoo and AOL for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan. The corporate carveout will allow Verizon Media, which also comprises leading ad tech and media platform businesses to aggressively pursue growth areas and stands to benefit its employees, advertisers, publishing partners and nearly 900 million monthly active users worldwide.