Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Conn's Prices Public Offering Of 5.50 Mln Shares At $26.75 Per Share

RELATED NEWS
Trade CONN now with 

Conn's Inc. (CONN: Quote) announced the pricing of its public offering of 5.50 million shares of its common stock at a price to the public of $26.75 per share. Of the 5.50 million shares of common stock being offered, the company is offering 1.41 million shares and the selling stockholders are offering 4.09 million shares.

The company noted that it has also granted the underwriters a 30-day option to purchase up to an additional 825,000 shares to cover over-allotments, if any. The offering size was increased from 5 million shares to 5.50 million shares at pricing. The additional 500,000 shares are being offered by the selling stockholders. The offering is expected to close on or around December 12, 2012, subject to customary closing conditions.

The company stated that it expects to receive net proceeds from the offering of approximately $35.2 million, after deducting estimated underwriting discounts and commissions and offering expenses.

The company added that it intends to use the net proceeds from the offering primarily for the repayment of debt under the Company's asset-based loan facility and to pay for the fees and expenses that the company incurred in connection with the offering.

The company will not receive any proceeds from the sale of shares of common stock offered by the selling stockholders in the offering.

Register
To receive FREE breaking news email alerts for Conns Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.