In the News
June 25, 2008
Saul Centers stockholder agrees to sell shares
Saul Centers Inc., Saul Holdings LP and B.F. Saul Real Estate Investment Trust on June 19 entered into an underwriting agreement with Raymond James & Associates Inc. as underwriter.
In a Form 8-K filed June 24, the company said that under the agreement, selling stockholder B.F. Saul agreed to sell, and Raymond James & Associates agreed to purchase 1,350,000 shares of Saul Centers’ common stock, par value 1 cent per share.
B.F. Saul also agreed to sell up to 150,000 additional shares of common stock to the underwriter solely to cover overallotments. The underwriter notified B.F. Saul of its intent to exercise the overallotment option of 150,000 shares of common stock on June 19.
Saul Centers will not sell any shares of common stock and will not receive any proceeds from the sale of shares of common stock in the offering.
