FelCor Announces Public Offering of 24M Shares

FelCor Lodging Trust Incorporated FCH today announced that it plans to make a public offering of 24 million shares of its common stock. FelCor expects to grant the underwriters a 30-day option to purchase up to 15 percent additional shares of common stock to cover over-allotments, if any. BofA Merrill Lynch and J.P. Morgan will act as joint book-running managers for the offering.