>Chesapeake Lodging cuts size of IPO by 40 pct

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>NEW YORK, Jan 19 (Reuters) – High end hotel company Chesapeake Lodging Trust Corp said on Tuesday it cut the size of its initial public offering by 40 percent after postponing the deal in December.

The New Jersey-based real estate investment trust plans to sell 7.5 million shares for $20 a share, raising about $150 million. It had originally planned to sell 12.5 million shares but postponed the offering due to difficult market conditions.

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