Colony Financial Inc. (CLNY: Quote) announced after the bell Thursday that it plans to commence a public offering of 5,000,000 shares of common stock. The stock is now down 0.55 on 17K shares.
Colony Financial traded in a range for the majority of Thursday’s session and closed up by 0.11 at $20.95. The stock has been rising for the last week and a half and finshed near the highs of the year.
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by RTT Staff Writer
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