On Wednesday, Shares of Deutsche Bank AG (USA)(NYSE:DB), added 1.99% and closed at $13.59 in the last trading session. The last trading range of the stock ranges between $13.40 and $13.61. The company’s Market capitalization is $19.01 Billion with the total Outstanding Shares of 1.37 Billion.Deutsche Asset Administration’s (Deutsche AM) Alternatives business recently declared the acquisition of a 19-property, 3.3 million square foot industrial portfolio from International Airport Centers (IAC). The properties are located in seven major distribution markets across the US – Los Angeles, San Francisco, Seattle, Dallas, Chicago, Portland and San Diego.
The portfolio, which consists of 35 buildings, is 99% leased to 76 tenants with an average tenant size of about 40,000 square feet. Deutsche AM attained the portfolio on behalf of an institutional shareholder through direct negotiation with IAC’s investment advisor – Perlmutter Investment Company.
“The portfolio’s geographic diversity across large distribution hubs and stable tenant base makes it an attractive investment,” said Todd Henderson, Head of Alternatives – Real Estate, Americas. “We are excited about the acquisition of such a diverse portfolio of industrial real estate and “appreciate the opportunity to work with IAC on this transaction.”
Array Biopharma Inc (NASDAQ:ARRY), jumped 2.40% and closed at $6.84 in the last trading session. The last trading range of the stock ranges between $6.64 and $6.96. The company’s Market capitalization is $1.08 Billion with the total Outstanding Shares of 162.09 million. Array BioPharma Inc. (ARRY) declared recently the closing of its underwritten public offering of 21,160,000 shares of its common stock, which includes 2,760,000 shares of common stock issued upon the exercise in full of the option to purchase additional shares granted to the underwriters, at a public offering price of $6.25 per share. The total gross proceeds from the offering are $132.25 million, before underwriting discounts and commissions and offering expenses.
J.P. Morgan Securities LLC and Cowen and Company, LLC acted as joint book-running managers for the offering. Stifel and Wells Fargo Securities, LLC acted as lead managers and SunTrust Robinson Humphrey, Inc. acted as co-manager.
The shares were sold following an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
Zions Bancorp (NASDAQ:ZION), gained 1.34% and closed at $31.82 in the last trading session. The last trading range of the stock ranges between $31.50 and $32.15. During the 52-week trading session the minimum price at which share price traded, registered at $19.65 and reached to max level of $32.15. Zions Bancorporation (ZION) declared recently that it will report its third quarter 2016 earnings results after the NASDAQ close on Monday, October 24, 2016. A conference call discussing the quarterly results will be held at 5:30 p.m. ET on the same day. Forward looking and other material information may be talked about on this conference call.
Media representatives, analysts and the public are invited to listen to the conference call by dialing (253) 237-1247 (domestic and international) and entering the passcode 87814485. Live audio of the call will be simultaneously broadcast over the internet and may be accessed on the company’s website.