Tag Archives: Long Island Avenue

Business, Finance, Occupation & Industry

Caesarstone Announces Pricing of Ordinary Shares Offering by Selling Shareholders

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Caesarstone Announces Pricing of Ordinary Shares Offering by Selling Shareholders

MP MENASHE, Israel–(BUSINESS WIRE)– Caesarstone Sdot-Yam Ltd. (NAS: CSTE) , a leading manufacturer of high quality engineered quartz surfaces, today announced the pricing at $23.25 per share of an underwritten public offering of 7,775,000 ordinary shares offered by its shareholders, Kibbutz Sdot-Yam and Tene Investment Fund. The selling shareholders have also granted the underwriters a 30-day option to purchase up to 1,166,250 additional ordinary shares. Caesarstone will not receive any proceeds from the offering. The offering is expected to close on April 17, 2013.

J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC acted as joint bookrunning managers for the offering, and Stifel, Nicolaus & Company, Incorporated and Robert W. Baird & Co. Incorporated acted as co-managers for the offering.

A shelf registration statement (including a prospectus) relating to these securities was filed by Caesarstone and declared effective on April 5, 2013 by the Securities and Exchange Commission (SEC). A copy of the prospectus supplement and base prospectus relating to the offering may be obtained by contacting: J.P. Morgan Securities LLC, via telephone at (866) 803-9204 or by mail at Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; Barclays Capital Inc., via telephone at (888) 603-5847, by mail at c/o Barclays Capital Inc. at Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or barclaysprospectus@broadridge.com; or Credit Suisse Securities (USA) LLC, via telephone at (800) 221-1037, by mail at Prospectus Department, One Madison Avenue, New York, NY, 10010 or newyork.prospectus@credit-suisse.com. Before you invest, you should read these documents and other documents filed by Caesarstone with the SEC for more complete information. You may obtain these documents free of charge by visiting the SEC‘s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Caesarstone

Caesarstone manufactures high quality engineered quartz surfaces, which are used in both residential and commercial buildings as countertops and other interior surfaces. The wide variety of colors, styles, designs and textures of Caesarstone® products, along

From: http://www.dailyfinance.com/2013/04/11/caesarstone-announces-pricing-of-ordinary-shares-o/

Business, Finance, Occupation & Industry

Energy Transfer Partners Announces Closing of Common Unit Offering

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Energy Transfer Partners Announces Closing of Common Unit Offering

DALLAS–(BUSINESS WIRE)– Energy Transfer Partners, L.P. (NYS: ETP) today announced that its previously announced public offering of 13,800,000 common units representing limited partner interests at $48.05 per common unit, which includes 1,800,000 common units purchased pursuant to the full exercise of the underwriter’s option to purchase additional common units, has closed. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facility and for general partnership purposes.

Barclays Capital Inc. acted as the underwriter. A copy of the prospectus supplement and prospectus relating to the offering may be obtained by contacting Barclays c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free: (888) 603-5847, barclaysprospectus@broadridge.com.

You may also obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission, or SEC, web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering has been made pursuant to an effective shelf registration statement and prospectus filed by ETP with the SEC.

Energy Transfer Partners, L.P. (NYS: ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP currently has natural gas operations that include approximately 24,000 miles of gathering and transportation pipelines, treating and processing assets, and storage facilities. ETP also owns general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P. (NYS: SXL) , which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP also holds a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. In addition, ETP holds controlling interest in a corporation (ETP Holdco Corporation) that owns Southern Union Company and Sunoco, Inc.

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

KNOT Offshore Partners LP Prices Initial Public Offering of Common Units

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

KNOT Offshore Partners LP Prices Initial Public Offering of Common Units

NEW YORK–(BUSINESS WIRE)– KNOT Offshore Partners LP (NYS: KNOP) (“KNOT Offshore Partners” or “KNOP“) today announced that it priced its initial public offering of 7,450,000 common units at a price of $21.00 per unit. KNOT Offshore Partners has granted the underwriters a 30-day option to purchase up to 1,117,500 additional common units, at the same price per unit. The common units being offered to the public are expected to begin trading on April 10, 2013, on the New York Stock Exchange under the symbol “KNOP.” The offering is expected to close on or about April 15, 2013, subject to customary closing conditions.

Following completion of the offering, Knutsen NYK Offshore Tankers AS, a Norwegian private limited liability company (“KNOT“), will own KNOP‘s general partner and a 55.4% limited partner interest in KNOT Offshore Partners. If the underwriters’ option to purchase additional common units is exercised in full, KNOT will own a 49.0% limited partner interest in KNOT Offshore Partners.

KNOT Offshore Partners intends to use the net proceeds from the offering, which are estimated to be approximately $138.4 million, after deducting estimated underwriting discounts and commissions, structuring fees and estimated offering expenses, to repay borrowings outstanding under its vessel financing agreements and for general partnership purposes.

BofA Merrill Lynch and Citigroup are acting as co-structuring agents and joint book-running managers in the transaction. Barclays is acting as a joint book-running manager. DNB and UBS are acting as co-lead managers for the offering. Raymond James and RBC are acting as co-managers for the offering. The offering of the common units will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from the offices of:

BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention: Prospectus Department, dg.prospectus_requests@baml.com.

Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: 800-831-9146).

A registration statement relating to KNOT Offshore Partners’ common units has been filed with and declared effective by the U.S. Securities and Exchange Commission (“SEC“). The registration statement is available on the SEC‘s website at www.sec.gov.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common units described above, nor will there be any sales of these common …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Cousins Properties Prices Offering of 14,354,000 Shares of Common Stock

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Cousins Properties Prices Offering of 14,354,000 Shares of Common Stock

ATLANTA–(BUSINESS WIRE)– Cousins Properties Incorporated (the “Company”) (NYS: CUZ) today announced that it has increased its previously-announced underwritten public offering from 14,000,000 to 14,354,000 shares of its common stock and priced the offering at $10.45 per share, for gross proceeds of approximately $150 million. The underwriters have been granted a 30-day option to purchase up to an additional 2,153,100 shares. The offering is expected to close on or about April 12, 2013, subject to customary closing conditions.

The Company intends to use a significant portion of the net proceeds of the offering to acquire 816 Congress Avenue, a Class-A office building in Austin, Texas. The property is currently under contract, and the acquisition is expected to close mid-April 2013. In addition, the Company intends to use a portion of the net proceeds to redeem in full its outstanding 7.75% Series A Cumulative Redeemable Preferred Stock.

BofA Merrill Lynch, J.P. Morgan, Morgan Stanley and Wells Fargo Securities acted as joint book-running managers for the offering.

This offering will be made pursuant to a prospectus supplement to the Company’s prospectus dated March 29, 2013, filed as part of the Company’s effective shelf registration statement relating to these securities. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares described herein or any other securities, nor shall there be any sale of these shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction. This offering may be made only by means of a prospectus supplement and the related prospectus.

Copies of the final prospectus supplement (when available) and the base prospectus relating to the shares can be obtained by contacting the underwriters as follows: BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or email at dq.prospectus_requests@baml.com; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-866-803-9204.

About Cousins Properties Incorporated

The Company is a leading diversified real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in office and retail projects. The Company is a fully integrated equity real estate investment trust …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Kite Realty Group Trust Announces Launch of Common Share Offering

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Kite Realty Group Trust Announces Launch of Common Share Offering

INDIANAPOLIS–(BUSINESS WIRE)– Kite Realty Group Trust (NYS: KRG) (the “Company”) announced today that it has commenced an underwritten public offering of 12,500,000 common shares of beneficial interest. BofA Merrill Lynch, KeyBanc Capital Markets, Citigroup and Wells Fargo Securities will be serving as the joint book-running managers for this offering. The underwriters will be granted a 30-day option to purchase up to an additional 1,875,000 common shares of beneficial interest.

The Company intends to use a portion of the net proceeds from this offering initially to repay approximately $62.2 million of outstanding indebtedness under the Company’s revolving credit facility and the remainder for the acquisition of properties. Such net proceeds that initially are used to repay outstanding indebtedness under the revolving credit facility are expected to be redeployed for other general corporate purposes, including the acquisition of properties and funding development costs.

The offering is being made pursuant to a shelf registration statement filed with the Securities and Exchange Commission, which became effective on January 11, 2012. A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. The offering may be made only by means of a prospectus and related prospectus supplement. When available, copies of the preliminary prospectus supplement and the accompanying prospectus relating to these securities may be obtained from BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attn: Prospectus Department, or by email at dg.prospectus_requests@baml.com; from KeyBanc Capital Markets, Attention: Prospectus Delivery Department, 127 Public Square, 4th Floor, Cleveland, Ohio 44114; from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; Tel: 800-831-9146; email: batprospectusdept@citi.com; and from Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152, at (800) 326-5897 or by emailing a request to cmclientsupport@wellsfargo.com.


About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust engaged in the …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Cousins Properties Announces Offering of 14.0 Million Shares of Common Stock

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Cousins Properties Announces Offering of 14.0 Million Shares of Common Stock

ATLANTA–(BUSINESS WIRE)– Cousins Properties Incorporated (the “Company”) (NYS: CUZ) today announced that it has commenced an underwritten public offering of 14.0 million shares of its common stock. The underwriters are expected to be granted a 30-day option to purchase up to an additional 2.1 million shares.

The Company intends to use a significant portion of the net proceeds of the offering to acquire 816 Congress Avenue, a Class-A office building in Austin, Texas. The property is currently under contract, and the acquisition is expected to close mid-April 2013. In addition, the Company intends to use a portion of the net proceeds to redeem in full its outstanding 7.75% Series A Cumulative Redeemable Preferred Stock.

BofA Merrill Lynch, J.P. Morgan, Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers for the offering.

This offering will be made pursuant to a prospectus supplement to the Company’s prospectus dated March 29, 2013, filed as part of the Company’s effective shelf registration statement relating to these securities. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares described herein or any other securities, nor shall there be any sale of these shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction. The offering may be made only by means of a prospectus supplement and the related prospectus.

A copy of the preliminary prospectus supplement, final prospectus supplement (when available) and the base prospectus relating to the shares can be obtained by contacting the underwriters as follows: BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or email at dq.prospectus_requests@baml.com; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-866-803-9204.

About Cousins Properties Incorporated

The Company is a leading diversified real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in office and retail projects. The Company is a fully integrated equity real estate investment trust (REIT) and trades on the New York Stock Exchange under the symbol CUZ.

…read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Caesarstone Announces Offering of Ordinary Shares by Selling Shareholders

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Caesarstone Announces Offering of Ordinary Shares by Selling Shareholders

MP MENASHE, Israel–(BUSINESS WIRE)– Caesarstone Sdot-Yam Ltd. (NAS: CSTE) , a leading manufacturer of high quality engineered quartz surfaces, today announced that its shareholders, Kibbutz Sdot-Yam and Tene Investment Fund, are offering for sale 7,250,000 ordinary shares of the company in an underwritten public offering. Caesarstone will not receive any proceeds from the offering.

J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are the joint bookrunning managers for the proposed offering, and Stifel, Nicolaus & Company, Incorporated and Robert W. Baird & Co. Incorporated are the co-managers for the proposed offering.

A shelf registration statement (including a prospectus) relating to these securities was filed by Caesarstone and declared effective on April 5, 2013 by the Securities and Exchange Commission (SEC). A copy of the prospectus supplement and base prospectus relating to the offering may be obtained by contacting: J.P. Morgan Securities LLC, via telephone at (866) 803-9204 or by mail at Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; Barclays Capital Inc., via telephone at (888) 603-5847, by mail at c/o Barclays Capital Inc. at Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or barclaysprospectus@broadridge.com; or Credit Suisse Securities (USA) LLC, via telephone at (800) 221-1037, by mail at Prospectus Department, One Madison Avenue, New York, NY, 10010 or newyork.prospectus@credit-suisse.com. Before you invest, you should read these documents and other documents filed by Caesarstone with the SEC for more complete information. You may obtain these documents free of charge by visiting the SEC‘s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Caesarstone

Caesarstone manufactures high quality engineered quartz surfaces, which are used in both residential and commercial buildings as countertops and other interior surfaces. The wide variety of colors, styles, designs and textures of Caesarstone® products, along with Caesarstone’s inherent characteristics such as hardness, non-porous, scratch and stain resistance and durability, provide consumers with a product competitive to granite, manufactured solid surfaces and laminate, as well as to other engineered quartz surfaces. Caesarstone’s four collections …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Energy Transfer Partners Announces Pricing of Common Unit Offering

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Energy Transfer Partners Announces Pricing of Common Unit Offering

DALLAS–(BUSINESS WIRE)– Energy Transfer Partners, L.P. (NYS: ETP) today announced it has priced a public offering of 12,000,000 common units representing limited partner interests at $48.05 per common unit. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facility and for general partnership purposes. The offering is scheduled to close on April 10, 2013. ETP also granted the underwriter a 30-day option to purchase up to an aggregate of 1,800,000 additional common units.

Barclays Capital Inc. is acting as the underwriter. A copy of the prospectus supplement and prospectus relating to the offering may be obtained by contacting Barclays c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free: (888) 603-5847, barclaysprospectus@broadridge.com.

You may also obtain these documents for free when they are available by visiting EDGAR on the Securities and Exchange Commission, or SEC, web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering will be made pursuant to an effective shelf registration statement and prospectus filed by ETP with the SEC.

Energy Transfer Partners, L.P. (NYS: ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP currently has natural gas operations that include approximately 24,000 miles of gathering and transportation pipelines, treating and processing assets, and storage facilities. ETP also owns general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P. (NYS: SXL) , which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP also holds a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. In addition, ETP holds controlling interest in a …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Energy Transfer Partners Announces Common Unit Offering

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Energy Transfer Partners Announces Common Unit Offering

DALLAS–(BUSINESS WIRE)– Energy Transfer Partners, L.P. (NYS: ETP) today announced it has commenced a public offering of 12,000,000 common units representing limited partner interests, with a 30-day option for the underwriter to purchase up to an additional 1,800,000 common units. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facility and for general partnership purposes.

Barclays Capital Inc. is acting as the underwriter. A copy of the preliminary prospectus supplement and prospectus relating to the offering may be obtained by contacting Barclays c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free: (888) 603-5847, barclaysprospectus@broadridge.com.

You may also obtain these documents for free when they are available by visiting EDGAR on the Securities and Exchange Commission, or SEC, web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering will be made pursuant to an effective shelf registration statement and prospectus filed by ETP with the SEC.

Energy Transfer Partners, L.P. (NYS: ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP currently has natural gas operations that include approximately 24,000 miles of gathering and transportation pipelines, treating and processing assets, and storage facilities. ETP also owns general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P. (NYS: SXL) , which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP also holds a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. In addition, ETP holds controlling interest in a corporation (ETP Holdco Corporation) that owns Southern Union Company and Sunoco, Inc. ETP‘s general partner is owned by …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Colony Financial, Inc. Announces Public Offering of Convertible Senior Notes

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Colony Financial, Inc. Announces Public Offering of Convertible Senior Notes

LOS ANGELES–(BUSINESS WIRE)– Colony Financial, Inc. (the “Company”) (NYS: CLNY) today announced its plans to commence a public offering of $150,000,000 aggregate principal amount of Convertible Senior Notes due 2023 (the “Notes”). The Company also plans to grant to the underwriters a 30-day option to purchase up to an additional $22,500,000 aggregate principal amount of the Notes to cover over-allotments, if any. The interest rate, conversion rate and other terms of the Notes will be determined at the time of pricing of the offering.

The Company intends to use the net proceeds from the offering to acquire its target assets in a manner consistent with its investment strategies and investment guidelines and for working capital and general corporate purposes.

Goldman, Sachs & Co., BofA Merrill Lynch, Credit Suisse and J.P. Morgan will act as the joint book-running managers for this offering.

The offering of the Notes will be made under the Company’s automatically effective shelf registration statement, which was filed with the Securities and Exchange Commission. The offering will be made only by means of a prospectus supplement and prospectus, which will be filed with the Securities and Exchange Commission. Before you invest, you should read the applicable prospectus supplement and prospectus for more complete information about the Company and the offering. You may obtain these documents free of charge by visiting the SEC website at www.sec.gov. Alternatively, you may obtain copies, when available, by contacting Goldman, Sachs & Co., at 200 West Street, New York, NY 10282, Attention: Prospectus Department, by telephone at 1-866-471-2526 or by emailing prospectus-ny@ny.email.gs.com, BofA Merrill Lynch, at 222 Broadway, New York, NY 10038, Attention: Prospectus Department or by emailing dg.prospectus_requests@baml.com, Credit Suisse Securities (USA) LLC at One Madison Avenue, New York, New York 10010, Attention: Prospectus Department, by telephone (toll free) at (800) 221-1037 or by e-mailing newyork.prospectus@credit-suisse.com, or J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (866) 803-9204.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Colony Financial, Inc.
…read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Boston Properties Prices $500 Million Offering of Senior Unsecured Notes

Leave a comment

By Business Wirevia The Motley Fool

Filed under:


Boston Properties Prices $500 Million Offering of Senior Unsecured Notes

BOSTON–(BUSINESS WIRE)– Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP“), has agreed to sell $500 million of 3.125% senior unsecured notes due 2023 in an underwritten public offering through Citigroup, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC, as joint book-running managers. The notes were priced at 99.379% of the principal amount to yield 3.196% to maturity. The notes will mature on September 1, 2023 unless earlier redeemed. The offering is expected to close on April 11, 2013.

The estimated net proceeds from this offering are expected to be approximately $492.5 million after deducting underwriting discounts and estimated transaction expenses of approximately $7.5 million. BPLP intends to use the net proceeds from the sale of the notes for general business purposes, which may include investment opportunities and debt reduction. Pending such uses, BPLP may invest the net proceeds in short-term, interest-bearing securities.

The offering is being made only by means of a prospectus and related prospectus supplement, a copy of which may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll free at (800) 831-9146 or at batprospectusdept@citi.com; Deutsche Bank Securities Inc. at Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or by calling toll free at (800) 503-4611 or by emailing prospectus.CPDG@db.com; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, New York 10038, Attention: Prospectus Department, by calling (800) 294-1322 or by email at dg.prospectus_requests@baml.com; and Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, or by calling (866) 718-1649 or by email at prospectus@morganstanley.com. An effective registration statement is on file with the Securities and Exchange Commission (SEC), and a copy of the prospectus and related prospectus supplement also will be available on the SEC‘s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Boston Properties is a fully integrated, self-administered and self-managed real estate …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Ares Capital Corporation Announces Public Offering

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Ares Capital Corporation Announces Public Offering

NEW YORK–(BUSINESS WIRE)– Ares Capital Corporation (NAS: ARCC) announced that it plans to make a public offering of 16,650,000 shares of its common stock. Ares Capital also plans to grant the underwriters an option to purchase up to an additional 2,497,500 shares of common stock. The offering of the shares will be made under Ares Capital‘s shelf registration statement (as amended), which was filed with, and declared effective by, the Securities and Exchange Commission.

Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities and, to the extent not used for such purpose, for general corporate purposes, which may include investing in portfolio companies in accordance with its investment objective.

Investors are advised to carefully consider the investment objective, risks, charges and expenses of Ares Capital before investing. The preliminary prospectus supplement dated April 2, 2013 and the accompanying prospectus dated August 16, 2012, which have been filed with the Securities and Exchange Commission, contain this and other information about Ares Capital and should be read carefully before investing.

BofA Merrill Lynch, J.P. Morgan, Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for this offering.

The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of Ares Capital and are not soliciting an offer to buy such securities in any state where such offer and sale is not permitted.

The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained from BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or e-mail dg.prospectus_requests@baml.com ; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, 866-803-9204; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY, 10014, Attn: Prospectus Department, tel.: (866) 718-1649 or e-mail prospectus@morganstanley.com ; or UBS Investment Bank, Attn: Prospectus Department, 299 Park Avenue, New York, NY 10171, tel.: (888) 827-7275.

ABOUT ARES CAPITAL CORPORATION

…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

RAIT Financial Trust Announces Full Exercise of Underwriters' Option

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

RAIT Financial Trust Announces Full Exercise of Underwriters’ Option

PHILADELPHIA–(BUSINESS WIRE)– RAIT Financial Trust (NYS: RAS) (the “Company”), announced today the exercise of the underwriters’ option to purchase 1,200,000 of the Company’s common shares. The option was exercised in connection with the Company’s recently announced underwritten public offering which priced on March 28, 2013. Including the shares sold in connection with the underwriters’ option, a total of 9,200,000 common shares were sold at a price to the public of $7.87 per share. Total net proceeds to the Company from the offering, after deducting the underwriting discount and estimated offering expenses, will be approximately $69.9 million. The offering is expected to close on April 3, 2013. RAIT intends to use the net proceeds to make investments relating to its business and for general corporate purposes.

Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering. Compass Point, JMP Securities and Ladenburg Thalmann & Co. Inc. are acting as the co-managers of the offering.

A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission (“SEC”). The offering is being made only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and the related prospectus for the offering may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by emailing prospectus.cpdg@db.com; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Telephone: (888) 603-5847, or by emailing barclaysprospectus@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the shares, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About RAIT Financial Trust

RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets.

Safe-Harbor Statement

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Frontier Communications Corporation Prices Upsized Offering of $750.0 Million of Senior Notes Due 20

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Frontier Communications Corporation Prices Upsized Offering of $750.0 Million of Senior Notes Due 2024

STAMFORD, Conn.–(BUSINESS WIRE)– Frontier Communications Corporation (NAS: FTR) announced today that it has priced an upsized registered offering of $750.0 million aggregate principal amount of 7.625% Senior Notes due 2024 (the “2024 Notes”). The size of the offering was increased from the previously announced $500 million. The issue price is 100.00% of the principal amount of the notes. Frontier will receive net proceeds of approximately $736.875 million from the offering after deducting underwriting discounts and commissions and before deducting estimated expenses. Frontier intends to use the net proceeds of the offering, together with cash on hand, to finance cash tender offers announced and also upsized today to purchase up to $899.8 million aggregate principal amount of outstanding 6.625% Senior Notes due 2015, 7.875% Senior Notes due 2015 and 8.250% Senior Notes due 2017. The offering is expected to close on April 10, 2013.

The joint book-running managers for the offering are J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. You may obtain a final prospectus supplement, when available, and prospectus by contacting J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York at (866) 803-9204 (toll free).

This press release shall not constitute an offer to sell, or the solicitation of, an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement relating to the 2024 Notes became effective on May 10, 2012, and the offering is being made by means of a prospectus supplement.

Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance. Words such as “believe,” “anticipate,” “expect” and similar expressions are intended to identify forward-looking statements. Forward-looking statements (including oral representations) involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. These risks and …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

RAIT Financial Trust Prices and Upsizes Public Offering of Common Stock

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

RAIT Financial Trust Prices and Upsizes Public Offering of Common Stock

PHILADELPHIA–(BUSINESS WIRE)– RAIT Financial Trust (NYS: RAS) (the “Company”) announced today the pricing and upsizing of its underwritten public offering of 8,000,000 common shares at a public offering price of $7.87 per share. The offering was increased by 1,000,000 shares from the originally announced offering of 7,000,000 shares. The Company has granted the underwriters a 30-day option to purchase up to 1,200,000 additional common shares. The offering is expected to close on April 3, 2013.

Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering.

The Company intends to use the net proceeds of the offering to make investments relating to its business and for general corporate purposes.

A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission (“SEC”). The offering is being made only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and the related prospectus for the offering, when available, may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by emailing prospectus.cpdg@db.com or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Telephone: (888) 603-5847, or by emailing barclaysprospectus@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the shares, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About RAIT Financial Trust

RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets.

Safe-Harbor Statement

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words like “expect,” “intend” and similar expressions. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

RAIT Financial Trust Announces Public Offering of Common Stock

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

RAIT Financial Trust Announces Public Offering of Common Stock

PHILADELPHIA–(BUSINESS WIRE)– RAIT Financial Trust (NYS: RAS) (the “Company”) announced today that it has commenced an underwritten public offering of 7,000,000 common shares. The Company expects to grant the underwriters a 30-day option to purchase up to 1,050,000 additional common shares.

Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering.

The Company intends to use the net proceeds of the offering to make investments relating to its business and for general corporate purposes.

A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission (“SEC”). The offering is being made only by means of a prospectus supplement and accompanying base prospectus. Copies of the preliminary prospectus supplement and the related prospectus for the proposed offering, when available, may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by emailing prospectus.cpdg@db.com or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Telephone: (888) 603-5847, or by emailing barclaysprospectus@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the shares, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About RAIT Financial Trust

RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets.

Safe-Harbor Statement

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words like “expect,” “intend” and similar expressions. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements; the Company can give no assurance that its expectations will be attained. Forward-looking statements are necessarily speculative in nature, and …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Frontier Communications Announces Offering of $500 Million of Senior Notes

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Frontier Communications Announces Offering of $500 Million of Senior Notes

STAMFORD, Conn.–(BUSINESS WIRE)– Frontier Communications Corporation (NAS: FTR) announced today that it has commenced a registered offering of $500 million aggregate principal amount of Senior Notes due 2024 (the “Notes”).

Frontier expects to use the net proceeds from the offering of the Notes, together with available cash, to finance its cash tender offers, announced today, to purchase up to $674.8 million in aggregate principal amount of its outstanding 7.875% Senior Notes due 2015 and 6.625% Senior Notes due 2015. If the tender offers are terminated for any reason, or if any net proceeds otherwise remain following the tender offers, Frontier intends to use such net proceeds for the selective repurchase, repayment or redemption of its outstanding debt or otherwise for general corporate purposes.

The joint book-running managers for the offering are J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. You may obtain a preliminary prospectus supplement and prospectus by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, at (866) 803-9204 (toll free).

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities mentioned in this press release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement relating to the Notes became effective on May 10, 2012, and the offering is being made by means of a prospectus supplement.

About Frontier Communications

Frontier Communications Corporation (NAS: FTR) offers broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses and home offices and advanced business communications for medium and large businesses in 27 states. Frontier’s approximately 14,700 employees are based entirely in the United States. More information is available at www.frontier.com.

Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of The …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Enanta Pharmaceuticals Announces Closing of Initial Public Offering and Exercise of Underwriters' Ov

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Enanta Pharmaceuticals Announces Closing of Initial Public Offering and Exercise of Underwriters’ Over-Allotment Option

WATERTOWN, Mass.–(BUSINESS WIRE)– Enanta Pharmaceuticals, Inc. (NAS: ENTA) , a research and development-focused biotechnology company dedicated to creating small molecule drugs in the infectious disease field, today announced the closing of its initial public offering of 4,600,000 shares of its common stock at a price to the public of $14.00 per share, which includes the exercise in full by the underwriters of their over-allotment option to purchase up to 600,000 additional shares of common stock. Enanta Pharmaceuticals common stock is listed on the NASDAQ Global Select Market under the trading symbol “ENTA”. All of the shares in the offering were offered by Enanta Pharmaceuticals.

J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the offering. Leerink Swann LLC and JMP Securities LLC acted as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 20, 2013. This offering was made solely by means of a prospectus. A copy of the final prospectus relating to the offer may be obtained by contacting J.P. Morgan Securities LLC via Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free (866) 803-9204; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by calling toll-free (800) 221-1037, or by emailing newyork.prospectus@credit-suisse.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction

About Enanta

Enanta Pharmaceuticals is a research and development-focused biotechnology company that uses its robust chemistry-driven approach and drug discovery capabilities to create small molecule drugs in the infectious disease field. Enanta is discovering and developing novel inhibitors designed for use against the hepatitis C virus (HCV). These inhibitors include members of the direct acting antiviral (DAA) inhibitor classes – protease (partnered with AbbVie), NS5A (partnered with Novartis) and nucleotide polymerase – as well as a host-targeted antiviral (HTA) inhibitor class targeted against cyclophilin. Additionally, Enanta has created a new class of antibiotics, called Bicyclolides, for the treatment of multi-drug resistant bacteria, with …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Model N Announces Exercise of Over-Allotment Option

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Model N Announces Exercise of Over-Allotment Option

REDWOOD CITY, Calif.–(BUSINESS WIRE)– Model N, Inc. (NYS: MODN) , a provider of revenue management solutions for the life science and technology industries, today announced that the underwriters of its initial public offering exercised in full their option to purchase an additional 1,011,000 shares of common stock from the company. As a result, the total initial public offering size is 7,751,000 shares of common stock, which consists of 7,011,000 shares of common stock to be sold by Model N and 740,000 shares of common stock to be sold by the selling stockholder. All shares sold in the offering are being sold at a price to the public of $15.50. Model N will not receive any proceeds from the sale of shares by the selling stockholders.

J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting as joint bookrunning managers for the offering, and Stifel, Nicolaus & Company, Incorporated, Pacific Crest Securities LLC, Piper Jaffray & Co. and Raymond James & Associates, Inc. are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Phone: (866) 803-9204; or Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attention: Prospectus Department, by calling (800) 503-4611, or by e-mailing prospectus.cpdg@db.com.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Relations Contact:
ICR for Model N
Greg Kleiner, 650-610-4998
investorrelations@modeln.com
or
Media Contact:
Model N
Kristin Lee, 650-610-4717
Marketing
klee@modeln.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Model N Announces Exercise of Over-Allotment Option originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Trulia Announces Exercise of Option to Purchase Additional Shares in Follow-On Offering

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Trulia Announces Exercise of Option to Purchase Additional Shares in Follow-On Offering

SAN FRANCISCO–(BUSINESS WIRE)– Trulia, Inc. (NYS: TRLA) , a leading online marketplace for homebuyers, sellers, renters and real estate professionals, today announced that the underwriters of its previously announced follow-on offering have exercised in full their option to purchase an aggregate of 931,606 additional shares of Trulia’s common stock, 525,000 of which will be purchased from Trulia and 406,606 of which will be purchased from certain selling stockholders, at the public offering price of $29.75, less underwriting discounts and commissions. The closing of the option exercise is expected to occur on March 26, 2013, subject to customary closing conditions.

Deutsche Bank Securities, J.P. Morgan Securities and RBC Capital Markets are serving as joint book-running managers for the offering. Needham & Company and William Blair are serving as co-managers.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. The offering is being made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, Phone: (800) 503-4611, e-mail: prospectus.cpdg@db.com; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: (866) 803-9204; or RBC Capital Markets, LLC, Attention: Equity Syndicate, Three World Financial Center, 200 Vesey Street, New York, NY 10281, Phone: (877) 822-4089.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Trulia, Inc.
Media:
Ken Shuman, 415-517-7211
ken@trulia.com
or
Investor Relations:
Ian Lee, 415-400-7238
ilee@trulia.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Trulia Announces Exercise of Option to Purchase Additional Shares in Follow-On Offering originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us …read more
Source: FULL ARTICLE at DailyFinance