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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Category: Initial public offerings
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