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Stock Market & Financial Investment News

News Breaks
February 3, 2014
07:03 EDTSWAY, STWDStarwood Property announces completion of spin-off of Starwood Waypoint
Starwood Waypoint Residential Trust (SWAY) announced that its common shares will begin regular trading today on the New York Stock Exchange under the ticker symbol “SWAY” following its spinoff from Starwood Property Trust (STWD). The spinoff transaction comprised a one-for-five distribution of Starwood Waypoint shares to stockholders of record of Starwood Property Trust on January 24. It is anticipated that Starwood Property Trust will continue to pay a quarterly dividend of 46c per share when it announces its 2013 year-end earnings.
News For SWAY;STWD From The Last 14 Days
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April 15, 2015
09:08 EDTSTWDOn The Fly: Pre-market Movers
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07:38 EDTSTWDStarwood Property 12M share Spot Secondary priced at $23.85
Morgan Stanley, Citigroup, JPMorgan and Wells Fargo acted as joint book running managers for the offering.
April 14, 2015
18:30 EDTSTWDOn The Fly: After Hours Movers
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17:08 EDTSTWDStarwood Property to acquire Dublin portfolio for EUR452.5M
In a regulatory filing, Starwood Property reports that in March, the company entered into agreements to acquire a portfolio of nine office properties and one residential property located in Dublin, Ireland. The completion of the acquisition of this portfolio is subject to the company’s entrance into definitive agreements to acquire three additional office properties also located in Dublin. The aggregate purchase price for all 13 properties, which collectively comprise approximately 630,000 square feet, is approximately EUR452.5M. As of March 31, the portfolio was 99.9% leased with a weighted average term of 6.2 years. In connection with these transactions, the company expects to obtain a five-year, EUR294M unsecured term loan. The company expects to complete the acquisitions in Q2.
16:30 EDTSTWDStarwood Property 12M share Spot Secondary, price range $23.85-$24.00
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16:08 EDTSTWDStarwood Property files to sell 12M shares of common stock
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