Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - Investment bank Greenhill & Co. said it priced a stock offering of 3.5 million common shares at $56 per share.
| GHL | 64.45 |  -3.72 |
The offering consists of 1.25 million of newly issued common shares and an additional 2.25 million shares owned by certain managing directors. Greenhill will not receive proceeds from shares sold by the managing directors.
The offer price is a 2.4 percent discount from Thursday's closing price of $57.39.
Greenhill will use the proceeds it receives from the new shares sold to pay down outstanding debt on its credit facility, expand parts of its business and for general corporate purposes. About $70 million will be raised from the issuance of 1.25 million shares of new stock.
Underwriters of the deal have a 30-day period to purchase an additional 525,000 shares to cover over-allotments.
You've heard the talk of "Green" throughout the whole of 2008, bu...
Lenovo, with its IdeaPad line series is previewing Y-Series IdeaPad Y650 laptops at CES in Las Vegas together with other new Ideapad Y-series.
1,3647. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages ...
Cisco will unveil new consumer products and initiatives during apress conference at the 2009 ...
Get your next web design project done with our los angeles web design team - Best web design with great price.
Building your business and corporate credit for your small business.
Buy Real Estate, Tax Liens, and more- Fund your business or franchise without debt
Partners   
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
