American Campus Communities Prices 15.6M Share Offering @$41.25/Share

American Campus Communities, Inc. ACC announced Monday, the pricing of a public offering of 15,600,000 shares of its common stock at a price of $41.25 per share. The company also granted the underwriters a 30-day option to purchase up to an additional 2,340,000 shares of common stock. Subject to customary closing conditions, the offering is expected to close on or about February 5, 2016. The estimated net proceeds to the company from the offering, before giving effect to any exercise of the underwriters' option, are expected to be approximately $615.6 million after deducting the underwriting discount and estimated offering expenses See full press release