From wsj.com
Brandywine Realty Trustee Osborne Buys Shrs, Wts
MARLTON, N.J. (Dow Jones)--Brandywine Realty Trust (BDN) said an entity controlled by trustee Richard Osborne invested $1.3 million in the trust in exchange for 59,949 common shares, a warrant for another 59,949 shares, and a $992,293 loan.
In a press release, Brandywine Realty said Osborne now owns, through several entities, 658,698 common shares, or 33% of the trust's outstanding common shares.
Brandywine Realty said the investment was made in connection with the intended $4.36 million investment in Brandywine by Safeguard Scientifics Inc. (SFE), and the intended merger of some operations between Brandywine, Safeguard, and Nichols Co.
Brandywine, which has 1,876,944 shares outstanding, is a real estate investment trust.
Safeguard develops entrepreneurial technology companies. |
