Pacific Office Properties Trust Inc. shares called off a previously announced public offering of stock, a reverse stock split, and transfer of its stock listing to the New York Stock Exchange.
The San Diego real estate investment trust, which has Los Angeles offices, said were planned in connection with a public offering of stock that the company elected not to continue due to adverse market conditions.
The company, which currently is listed on the New York Alternet had said as recently as Monday it was prepared to list on the NYSE subject to the 1-for-10 reverse split of common stock.
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