Toll Brothers Announces 6.25M Share Offering

Toll Brothers

, announced today that it is commencing a public offering (the "Offering") of 6,250,000 shares of its common stock, par value $0.01 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares from the Company. The Company expects to use the net proceeds from the Offering to finance in part its proposed acquisition of Shapell Industries,