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.


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