Its $300 million in cash could be used to help pay for the acquisition.
At the current price, the issue would raise close to $150 million, some of which may be used for acquisitions, the company said.
That, according to plan, will provide the capital for acquisitions.
She had been concerned about finding the $1 million needed for the acquisition.
State officials said last week that they could not promise to provide any money for acquisition of the site beyond the $4 million.
Certainly, his love for acquisition has gotten him in trouble before.
That gave the company the ability to use stock for acquisitions.
In the short term, the company has no plans for further significant acquisitions, he added.
Among other things, he will be looking for new corporate acquisitions.
Approval has now been given for the acquisition of the building.