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Lead Arranger
(redirected from Managing Underwriters)

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Lead arranger
The senior tier of arranger

Lead Arranger
In investment banking, an underwriting firm that leads a syndicate. A syndicate is a group of underwriters responsible for placing a new issue of a security with investors. Every syndicate is a temporary arrangement. The lead arranger assigns parts of the new issue to other underwriters for placement and usually takes the largest part itself. It is also called a managing underwriter or a syndicate manager or, less formally, a book runner.


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The Company also expects to grant the managing underwriters a 30-day option to purchase up to an additional 1.
Managing underwriters can survive and prosper if they continue to offer value to both carriers and agents.
Forward-looking statements made in this press release include that PGE may sell shares of its common stock, the expected number of shares to be sold, the expected use of the net proceeds from the sale, that PGE may grant the managing underwriters an option to purchase additional shares, and that the managing underwriters may exercise this option to purchase additional shares from PGE.
 
 
 
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