Chamber News
Reata Pharmaceuticals, Inc. (Nasdaq:RETA) (“Reata” or the “Company”), a clinical-stage biopharmaceutical company, today announced the closing of its previously announced underwritten public offering of 3,737,500 shares of its Class A common stock, which included 487,500 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares, at a price to the public of $31.00 per share. The gross proceeds to Reata from the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately $115.9 million.
The Buccini/Pollin Group acquired the 302-key Sheraton DFW Airport Hotel in Irving, Texas, for $46 million. PM Hotel Group will be in charge of operating the hotel, which is the buyer’s second in the Dallas/Fort Worth area.
Four Seasons Resort and Club Dallas at Las Colinas, Texas’ premier resort and golf destination, announces the inaugural Four Seasons Golf and Sports Club Half Marathon, set for November 18, 2017. The event is a member of the Resort Races Collection, a group of exclusive destination race experiences hosted and produced in partnership with the most iconic and luxurious hotels in world.
Texas Comptroller Glenn Hegar reminds shoppers they can save money on certain items during the state’s annual sales tax holiday. This year, the sales tax holiday is scheduled for Friday, Saturday and Sunday, Aug. 11-13.
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