Salt Lake-based Extra Space Storage Inc. said Friday that the underwriters of a previously announced common stock public offering have fully exercised their over-allotment option to buy more than 1.5 million more shares from the company at $17 per share.
The move means the company will have sold more than 12 million common stock shares in the offering, for gross proceeds of about $205.3 million.
Net proceeds will be about $195 million, which the company said will be used for debt repayment, property acquisitions and general business purposes.
Extra Space Storage is a real estate investment trust that owns or operates 638 self-storage properties in 31 states and Washington, D.C.
Consumer confidence
A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.
5th iPhone app
Clayton Ward, a 10th-grader from West Jordan,has created five apps for the Apple operating systems.
poorer people charitable
A 2009 study showed the poor give a higher percentage of their income to charity than rich people.
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