Columbia Property Trust Announces IPO Date and Tender Offer
On September 30, 2013 Columbia Property Trust released a statement with 2 important details about the upcoming IPO. The first is the listing date, on or about October 10, 2013 under the symbol CXP. If all goes according to their plan, Columbia Property Trust will be a publicly traded company in less than 2 weeks.
In conjunction with the IPO they also announced a tender offer to buy back up to $300 million of it’s common shares in a “Dutch Auction.” Details about the tender offer price have yet to be released, but I’ll post them as soon as I read through the regulatory filings.
October 10, 2013
Columbia Property Trust released the details of the dutch auction. The price range will be from $22.00 to $25.00 and will be available for 20 days after the IPO.
I started a page to make organizing the information easier, view it here:
The press release for the announcement can be seen here: