Acacia Research Corporation ACTG today announced that it has entered
into definitive purchase agreements with certain institutional accredited
investors with respect to the private placement of 6.12 million shares of its
common stock at a purchase price of $36.75 per share for expected gross
proceeds of approximately $225 million before payment of placement agent fees
and estimated offering expenses. The closing of this private placement is
expected to occur on or about February 22, 2012, subject to customary closing
conditions.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in