Pacific Gulf to Offer Shares
(Dow Jones)
NEWPORT BEACH —
Pacific Gulf Properties plans to offer 4.25 million shares of common stock to fund acquisitions and repay debt, among other things, the company said in documents filed with the Securities and Exchange Commission.
Prudential Securities Inc. is the lead managing underwriter. Other underwriters are A.G. Edwards & Sons Inc., BancAmerica Robertson Stephens and Oppenheimer & Co. Inc.
Pacific Gulf is a real estate investment trust.
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