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Crombie Real Estate Investment Trust said March 29 that it closed its bought-deal offering of 4,630,000 units at C$14.50 per unit, for gross proceeds of about C$67.1 million.
In addition to the issuance of the units to the public, ECL Developments Ltd., a wholly owned subsidiary of Empire Co. Ltd., purchased, on a private-placement basis, 3,655,200 class B limited partnership units of Crombie LP together with the attached special voting units of the company at the C$14.50 per unit offering price, for...