underwriters have been granted over-allotment options to purchase up to an additional 9.
Assuming the over-allotment options are exercised in full, The Allstate Corporation will have 450 million shares outstanding after the offerings.
The Company has granted the underwriters an option to purchase up to an additional 2,175,000 shares of common stock to cover over-allotment options
, if any.
NOTE: Assumes full exercise of the underwriters' over-allotment options of up to 15% of the common shares sold at the initial closing.
5 billion, assuming full exercise of the underwriters' over-allotment option, less sales loads and offering expenses (see above).
will have 755,903,472 shares outstanding, exclusive of any shares that may be purchased pursuant to the over-allotment options
granted to the underwriters.
Assuming no exercise of the underwriters' over-allotment options
and before deducting offering expenses, the total price to the public, underwriting discounts and commissions and proceeds to the company are $864,000,000, $32,000,000 and $832,000,000, respectively.
The issuance of the shares will reduce Continental Grain Company's ownership of ContiFinancial from approximately 81% to approximately 76%, excluding the exercise of underwriters' over-allotment options
The net proceeds to the Company from the exercise of the over-allotment options
were approximately $8.
Following consummation of the offerings, First USA expects to own approximately 59 percent of the common stock of Paymentech (or approximately 57 percent, if the underwriters' over-allotment options
are exercised in full).
Hulsebus further noted, "We believe that the exercise of the over-allotment options
reflects the success of our underwritten public offering in June and the continued demand for and shareholder support of our public securities.
2 million units have exercised their over-allotment option
to purchase 151,455 units of NCCI at the public offering price of $10 per unit.