Market Overview

Regal Beloit Closes Stock Offering, Announces Exercise of Underwriters' Over-Allotment Option

Share:
Related RBC
UPDATE: Regal Beloit Misses Q4 Expectations
Mid-Morning Market Update: Markets Open Higher; BC Partners Group To Acquire PetSmart For $83/Share

Regal Beloit Corporation (NYSE: RBC) announced today that it has completed its previously announced public offering of common stock at a price of $67.00 per share to the public.  Regal Beloit also announced that the underwriters in the offering have exercised their option to purchase additional shares to cover over-allotments, resulting in a total sale to the public of 3,162,500 shares of common stock.

Regal Beloit expects to receive net proceeds from the offering of approximately $202.8 million after deducting underwriting discounts and commissions and estimated expenses of the offering. 

Posted-In: News Offerings

 

Related Articles (RBC)

Around the Web, We're Loving...