Underwritten offering

Underwritten offering

Purchase and Sale

A method of underwriting in which an underwriter buys an issue for his/her own account and then attempts to sell the issue to other investors. If the underwriter is unsuccessful in placing the issue, he/she keeps what remains. It contrasts with various other forms of underwriting, notably best-efforts sale, in which the underwriter returns the remaining issue to the issuer. The Bank of Canada uses a form of the purchase and sale method, known as a Purchase and Resale Agreement, when selling its treasury securities. It is also called an underwritten offering.
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This underwritten offering closed on November 18, 2015 and resulted in gross proceeds to Bank of America, N.
On April 21, 2014, the company announced that it commenced the firm commitment underwritten offering portion of the second step conversion to sell shares of common stock not subscribed for in the subscription offering to the general public at USD10.
The Legatum Group will receive all the proceeds from the underwritten offering; no shares in the underwritten offering are being sold by Sonus or any of its officers or directors.
NYSE: NCS) ("NCI" or the "Company") today announced the pricing of the previously announced underwritten offering of 8,500,000 shares of its common stock by investment funds associated with Clayton, Dubilier & Rice, LLC ("CD&R") at $18.
The company and certain shareholders plan to offer 4,322,801 shares of Class A common stock in an underwritten offering to be managed by Goldman, Sachs & Co.
Morgan Securities LLC, as the underwriter in a registered offering of these shares (the underwritten offering ).
Global Banking News-April 22, 2014--New Investors Bancorp commences underwritten offering
NYSE: NCS) ("NCI" or the "Company") today announced an underwritten offering of 8,500,000 shares of its common stock by investment funds associated with Clayton, Dubilier & Rice, LLC ("CD&R"), pursuant to NCI's shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC").
the "Underwriters"), it has increased the Underwritten Offering from C$30,062,500 to C$35,150,000.
The closing of the CapGen Offering is contingent upon CapGen receiving the necessary regulatory approvals, the closing of the Company's Underwritten Offering and to any approvals required of Company shareholders, if any.
the "Company"), (NYSE:SSS), a self-storage real estate investment trust (REIT), announced today that it has priced an underwritten offering of 2,000,000 shares of common stock at $56.
CapGen has completed its diligence of the Company, and the letter of intent with CapGen is subject to the execution and delivery of a definitive stock purchase agreement and the registration statement covering the shares offered in the Underwritten Offering and the CapGen Offering becoming effective.