Thursday, 21 June 2007

UPDATE 1-Care Investment cuts IPO to 15 mln shares

(Reuters) - In a filing with the U.S Securities and Exchange
Commission, the newly organized real estate investment and
finance company, said it expects net proceeds of about $222.1
million, assuming an offer price of $16 a share.




The New York-based company plans to use $200.8 million of
the net proceeds to fund a portion of the purchase price for
the contribution of its initial assets from its manager CIT
Healthcare LLC, a unit of CIT Group Inc. .


Read more at Reuters.com Bonds News

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