Thursday 17th of March 2022 01:18:43 PM
Arbor Realty Trust stock slips postmarket on public offering of shares
- Arbor Realty Trust (NYSE:ABR) stock slipped 3% postmarket after the firm announced a public offering of 6M shares.
- ABR intends to grant the underwriters a 30-day option to purchase up to an additional 900K shares.
- Net proceeds will be used to make investments relating to its business and for general corporate purposes.