- Rights Offering Very Successful
- Tejon Mountain Village Unanimously Approved
- Tejon Ranch Honored with California's Highest Environmental Award
- Planning Commission Recommends Approval for Tejon Mountain Village
- Tejon Mountain Village Planning Commission Hearing Scheduled
- Tejon Ranch asks for Protective Order to be lifted
- Tejon Mountain Village DEIR Released for Public Comment
- Tejon Ranch Announces New Famous Footwear Warehouse at Tejon Industrial Complex
- Agreement Balances Conservation & Development
- Tejon Ranch Signs Long Term Contract with Gallo Winery
- Tejon Ranch Company Annual Report Honored
- Tejon Ranch and Rockefeller Group Begin Construction on New Building at Tejon Industrial Complex
- Appeals Court Upholds Expansion of Tejon Industrial Complex
- Taking the Lead on Lead
- Tejon Ranch Names New General Counsel
- Tejon Mountain Village Names New Vice President
- Tejon Ranch Company- DMB Associates Finalize Partnership
- Kern County Judge Okays Expansion Of Tejon Industrial Complex
- Tejon Ranch Signs Agreements For 570,000 Square Feet For New Lease With Oneida Ltd. And For Expanded Ikea Presence
- Saving the Best of the Best
- Tejon Ranch Company and The Rockefeller Group Announce Development Agreement
- TEJON RANCH PROPOSES CONDOR PROTECTIONS
- TEJON RANCH CO. ANNOUNCES TWO KEY ADDITIONS TO ITS BUSINESS CENTER AT TEJON INDUSTRIAL COMPLEX
Rights Offering Very Successful
Wednesday, June 16, 2010
TEJON RANCH, Calif.--(BUSINESS WIRE)--Tejon Ranch Co. (NYSE:TRC - News) announced today that it raised $60 million, the maximum gross proceeds possible, through its just concluded rights offering. The rights offering concluded on June 14, 2010 and was extremely well received and oversubscribed to beyond the $60 million. Tejon previously offered transferable rights to purchase 2,173,946 shares of its common stock at a purchase price of $23.00 per share to stockholders of record as of May 21, 2010. In addition, Tejon had the option to issue an additional 434,789 shares to honor over-subscription requests. The $60 million of capital raised included the release of all 434,789 over-allotment shares and, as a result of the offering, the Company has issued 2,608,735 new shares of common stock.
