Tuesday, March 15, 2011

Cambridge Industrial Trust rated 'buy' by DMG

Stock Name: Cambridge
Company Name: CAMBRIDGE INDUSTRIAL TRUST
Research House: DMG

DMG & Partners Securities in a Mar 11 research report says: "CREIT is proposing to raise $56.7 million through a fully underwritten renounceable 1-for-8 rights issue. Net proceeds of $53.8 million from the EFR would be utilized, together with $40.9 million debt financing and existing cash to fund 3 acquisitions of $116.8 million.

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