Stifel to sell 1.2 million shares in offering
Stifel Financial plans to sell 1.2 million shares of common stock in public offering
- On 7:34 am EDT, Wednesday September 9, 2009
ST. LOUIS (AP) -- Stifel Financial Corp. said Wednesday it plans to launch a public offering of 1.2 million shares of common stock.
The brokerage and investment adviser said underwriters will have a 30-day option to purchase up to an additional 180,000 shares to cover over-allotments.
According to a regulatory filing, the company plans to use the proceeds from the offering for general corporate purposes. The company will have 29.8 million shares outstanding after the offering.
Stifel, Nicolaus & Co. and BofA Merrill Lynch will are the offering's joint book-running managers. Fox-Pitt Kelton Cochran Caronia Waller and Keefe, Bruyette & Woods Inc. are co-managers.
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