Plus   Neg

Erickson Air-Crane Lowers Estimated IPO Price Range To $8-$9/Shr - Quick Facts

Erickson Air-Crane Inc. said it lowered the estimated initial public offering price range to between $8.00 and $9.00 per share. The company is selling 4.8 million shares of its common stock.

Earlier, Erickson Air-Crane's expected public offering price range was to be between $13.00 and $15.00 per share. Previously, the company intended to sell 5.35 million shares of its common stock.

Currently, no public market exists for the shares. Erickson Air-Crane said it has applied to list its common stock on The NASDAQ Global Market under the symbol "EAC."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line... Meredith Corp. said Wednesday that it has decided to explore the sale of its Time, Sports Illustrated, Fortune, and Money brands. In addition, the company will cut 1,000 jobs over the next ten months as part of its plan to realize cost synergies from its acquisition of Time Inc. Further, Meredith has notified about 200 employees that their positions have been eliminated.
comments powered by Disqus
Follow RTT