Meritage Homes Corporation (NYSE: MTH) priced offering of 4 million common shares at $20.50 per share after market close yesterday.
The proceeds to the homebuilder from the $82 million offering will be used for working capital and general corporate purposes. Citi is the sole book-running manager granted 60,000 in over-allotments. The offering is expected to close April 23.
Shares are down over 2% today from $20.89 to $20.38. The 52-week range is $7.04 to $38.72.
You can join our open email distribution list to hear about other IPO’s, secondary offerings, buybacks, special financings, restructurings and more.
Rachel Lopez
April 18, 2008
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
