NRDC Acquisition Corp. goes public
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- October
- 29
NRDC Acquisition Corp. — a company formed this month by NRDC Equity Partners LLC of Purchase to make acquisitions — completed its initial public offering and is now trading on the American Stock Exchange. The ticker symbol is NAQ-U. For last week’s IPO, 41.4 million units were sold at an offering price of $10 a unit, with each unit containing a share of common stock and a warrant to purchase additional shares at $7.50.
NRDC Equity is the real estate investment trust that purchased Lord & Taylor a year ago for $1.1 billion and Linens N’ Things earlier in 2006. This year, the company said it was considering more retail acquisitions. Last month it bought a majority stake in New York fashion designer Peter Som Inc. for about $10 million.
This entry was posted
on Monday, October 29th, 2007 at 2:38 pm by Alison Bert.
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