LNR Capital withdraws IPO plans with US SEC

WASHINGTON Thu Aug 16, 2007 5:29pm EDT

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WASHINGTON Aug 16 (Reuters) - LNR Capital Corp. filed with regulators on Thursday to withdraw its plan for a $750 million initial public offering.

The real estate investment trust said in a filing with the U.S. Securities and Exchange Commission that withdrawing the IPO "is in the best interests of the company and its shareholders."

Deutsche Bank Securities, Goldman Sachs & Co., Citigroup and Merrill Lynch & Co. were underwriting the IPO, and the company had planned to list its stock on the New York Stock Exchange under the symbol "LNR" LNR.N.

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