Strategic Hotel Capital, Inc. Announces Full Exercise of Over-Allotment Option
14 July 2004 - 3:53AM
PR Newswire (US)
Strategic Hotel Capital, Inc. Announces Full Exercise of
Over-Allotment Option CHICAGO, July 13 /PRNewswire-FirstCall/ --
Strategic Hotel Capital, Inc. (NYSE:SLH) today announced that the
underwriters for its previously announced initial public offering
have exercised in full their 2,640,000 share over-allotment option.
The Company received an additional $34.4 million in net proceeds
from the exercise of the over-allotment option, bringing the total
number of shares issued to 20.24 million shares, for net proceeds
of $263.5 million. DATASOURCE: Strategic Hotel Capital, Inc.
CONTACT: Jim Lyman, Chief Financial Officer of Strategic Hotel
Capital, Inc., +1-312-658-5740; or General Info., Georganne Palffy
of Financial Relations Board, +1-312-640-6768
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