Oct 12 (Reuters) - Sun Communities Inc SUI.N :
- SUN COMMUNITIES, INC. ANNOUNCES PLANNED DISPOSITION OF STAKE IN INGENIA
- INITIATING DIVESTMENT OF COMPANY'S ABOUT 41.8 MILLION SHARES, EQUATING TO AN APPROXIMATELY 10.25% HOLDING, IN INGENIA COMMUNITIES
- COMPANY HAS DECIDED TO DISPOSE OF ITS DIRECT HOLDINGS IN INGENIA SHARES AND TO USE NET PROCEEDS TO PAY DOWN DEBT.
- SALE IS ANTICIPATED TO GENERATE A MINIMUM NET PROCEEDS OF US$100 MILLION
- SUN COMMUNITIES- INITIATING A DIVESTMENT OF CO'S ABOUT 41.8 MILLION SHARES, EQUATING TO AN APPROXIMATELY 10.25% HOLDING, IN INGENIA COMMUNITIES GROUP
Oct 12 (Reuters) - Sun Communities Inc SUI.N : SUN COMMUNITIES,...
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