It looks like secondary price is $11.50 to raise $75 million. Sell today to buy back at $11.50
7M shares at 12.30 ~ http://www.marketwatch.com/story/orasure-technologies-inc-prices-underwritten-offering-of-common-stock-2012-07-10Still, i have no respect for any company that leaks news of a secondary without specifying the price, or a company that exercises a secondary when other options are available. greedy scumbags.
stock will rocket at open or before now price dilution almost ZERO!!!!!!!!!!!!!!!!!!!!!!aDDITIONAL SHARES always sold at same price...get an eduction. VERY bullish?
Looks like a 12.5% dilution out of the box...but that could change up or down....depending on demand for the stock...but that would take it from 12.30 to 10.77 price.I would bet on a facebook type of price move based upon OSURs past financial performance . We will see how much institutional demand will come forwrd.I would think only from highly speculative ones...only.
Cite your sources!!!!