Investing
Secondary Offerings Come Back Fast (CEDC, HGG, EWBC, BMS, INTC, STSA, CVBF, RT)
Published:
Last Updated:
Now that markets are back up, we are starting to see many syndicate offerings come in. That is not a huge surprise, but the volume of companies is rather strong. We have seen priced offerings from Central European Distribution Corp. (NASDAQ: CEDC), hhgregg, Inc. (NYSE: HGG), and from East West Bancorp (NASDAQ: EWBC). We have also seen filings from Bemis Co., Inc. (NYSE: BMS), Intel Corp. (NASDAQ: INTC), Sterling Financial Corporation (NASDAQ: STSA), and CVB Financial Corp. (NASDAQ: CVBF). Ruby Tuesday Inc. (NYSE: RT) is also on deck with a 10 million share offering taht may come this week.
Central European Distribution Corp. (NASDAQ: CEDC) had an 8.35 million share secondary priced at $24.00 after closing at $25.43.
hhgregg, Inc. (NYSE: HGG) had a 3.5 million share secondary priced at $16.50, after closing at $17.06 yesterday.
East West Bancorp (NASDAQ: EWBC) had a 11 million share Secondary price at $6.35 after closing at $6.72 yesterday.
Bemis Co., Inc. (NYSE: BMS) filed to sell 7.5 million shares.
Intel Corp. (NASDAQ: INTC) filed to sell $1.5 billion of 30-Year junior subordinated convertible debt.
Sterling Financial Corporation (NASDAQ: STSA) filed for a $500 million shelf registration, yet its market cap is only $167 million.
CVB Financial Corp. (NASDAQ: CVBF) filed to sell $135 million worth of common stock, and its market cap is $511 million.
Ruby Tuesday Inc. (NYSE: RT) is likely to sell 10 million shares that may come this week.
JON C. OGG
JULY 21, 2009
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
