On Friday, Shares of Independence Realty Trust Inc (NYSEMKT:IRT), subtract -0.47% and closed at $8.56 in the last trading session. The last trading range of the stock ranges between $8.56 and $8.76. The company’s Market capitalization is $411.82 million with the total Outstanding Shares of 47.48 million. Independence Realty Trust, Inc. (NYSE MKT: IRT) (the “Company”) recently declared the pricing of its public offering of 25,000,000 shares of common stock at a public offering price of $9.00 per share for total gross proceeds of $225.0 million. The offering is expected to close on October 5, 2016, subject to the satisfaction of customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to 3,750,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions.
Citigroup is acting as the sole book-running manager of the offering. KeyBanc Capital Markets, Deutsche Bank Securities, and BofA Merrill Lynch are acting as joint lead managers of the offering. Capital One Securities, FBR, Ladenburg Thalmann, William Blair, Compass Point, Huntington Investment Company, Wunderlich, Ramirez & Co., Inc. and Comerica Securities are acting as co-managers of the offering.
The Company intends to use the net proceeds from the offering to (i) repay in full the Company’s $40.0 million senior secured term loan facility, (ii) pay $43.0 million for the formerly-declared internalization of the Company’s administration, as described in the prospectus supplement referenced below, and (iii) repurchase up to 7,269,719 shares of the Company’s common stock held by auxiliaries of RAIT Financial Trust. Any remaining proceeds will be used to repay outstanding borrowings under the Company’s $325.0 million senior secured credit facility.
Companhia Siderurgica Nacional (ADR)(NYSE:SID), jumped 1.32% and closed at $3.07 in the last trading session. The last trading range of the stock ranges between $3.02 and $3.12. The company’s Market capitalization is $4.36 Billion with the total Outstanding Shares of 1.36 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $0.73 and reached to max level of $3.92. Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It offers flat steel; slabs; hot-rolled products, counting heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized sheets and coils; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; profiles, sections, channels, UPE sections, and steel sleepers; and long steel products. The company mainly explores for iron ore reserves at Casa de Pedra mine located in the city of Congonhas in the state of Minas Gerais, Brazil. It sells iron ore products in Asia, Europe, and Brazil. The company also engages in logistics business comprising railway and port facilities; produces and sells cement; and generates electric power from its thermoelectric co-generation and hydroelectric power plants. The company also exports its products.
On the otherhand Foot Locker, Inc. (NYSE:FL), jumped 1.62% and closed at $69.05 in the last trading session. The last trading range of the stock ranges between $68.36 and $69.61. During the 52-week trading session the minimum price at which share price traded, registered at $50.90 and reached to max level of $71.67. Foot Locker, Inc. operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, counting Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and SIX:02, in addition to Runners Point, and Sidestep. As of August 30, 2016, it operated about 3,400 stores in North America, Europe, Australia, and New Zealand. The Direct-to-Customers segment sell athletic footwear, apparel, equipment, team licensed products, and private-label merchandise through Internet Websites, mobile sites, and catalogs. This segment operates sites for eastbay.com, final-score.com, eastbayteamsales.com, and sp24.com, in addition to footlocker.com, ladyfootlocker.com, six02.com, kidsfootlocker.com, champssports.com, footaction.com, footlocker.ca, footlocker.eu, runnerspoint.com, and sidestep-shoes.com.