Sunstone Hotel Investors Announces Stockholder Offering Priced
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Sunstone Hotel Investors Announces Stockholder Offering Priced
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Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2006-05-08
Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it was informed that SGP/SHO Hotel Trust had priced an offering of 4,044,000 shares of its common stock that were previously registered by the Company's shelf registration statement that was filed with the U.S. Securities and Exchange Commission on October 27, 2004 and subsequently amended and declared effective by the SEC. The Company will not receive any of the proceeds from the offering. Merrill Lynch & Co. is acting as sole book-running manager and sole underwriter for this offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described above, 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 the registration or qualification under the securities laws of such state or jurisdiction.
A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained by contacting: Merrill Lynch & Co., 4 World Financial Center, New York, New York 10080 (Tel: 212-449-1000).
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