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Global Signal to issue stock at $30.70 per share

SARASOTA, Fla.-Tower company Global Signal Inc. said it will issue 5.75 million shares of its common stock at $30.70 per share, closing May 9. Morgan Stanley and Banc of America Securities L.L.C. are representing the underwriters.

The company’s stock was up slightly on the news to $31.50 per share.

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