My Watchlist

Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

0

CommonWealth REIT Sells Remaining GOV Stake

By | More Articles
March 12, 2013 | Comments (1)

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

CommonWealth REIT (NYSE: CWH  ) has sold what was left of its stake in Government Properties Income Trust (NYSE: GOV  ) . The two companies both announced the sale, which saw CommonWealth REIT divest itself of 9.95 million shares of its onetime subsidiary -- a stake of roughly 18% -- in a public offering. The price was $25.20 per share, and the proceeds totaled just over $240 million.

The transaction is expected to be settled on March 15. The joint bookrunning managers on the sale are Citigroup, Bank of America's (NYSE: BAC  ) Merrill Lynch unit, and Royal Bank of Canada subsidiary RBC Capital Markets.

More Expert Advice from The Motley Fool
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool owns shares of Bank of America and Citigroup. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Compare Brokers

Fool Disclosure

DocumentId: 2309169, ~/Articles/ArticleHandler.aspx, 5/18/2013 10:01:05 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 15,354.40 121.18 0.80%
S&P 500 1,667.47 17.00 1.03%
NASD 3,498.97 33.73 0.97%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/17/2013 4:07 PM
GOV $26.41 Down -0.26 -0.97%
Government Propert… CAPS Rating: *****
RY $60.44 Up +0.56 +0.94%
Royal Bank of Cana… CAPS Rating: ****
CWH $20.49 Up +0.06 +0.29%
CommonWealth Reit CAPS Rating: ***
BAC $13.43 Up +0.07 +0.52%
Bank of America Co… CAPS Rating: ****
C $51.45 Up +0.84 +1.66%
Citigroup Inc CAPS Rating: ***

Advertisement