Forest City Enterprises Prices $300.3M Sh Offering

Forest City Enterprises, Inc. (NYSE: FCEA - News and FCEB - News) today announced the pricing of its public offering of 45.5 million newly issued Class A common shares at $6.60 per share. The Company has granted underwriters a 30-day option to purchase up to an additional 6.8 million shares to cover over-allotments, if any. The joint book-running managers for this offering are Merrill Lynch & Co., Goldman, Sachs & Co. and Morgan Stanley. Subject to customary conditions, the offering is expected to close on May 19, 2009.