Marshall & Ilsley Corporation Announces Closing of Common Stock Offering
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MILWAUKEE, Oct. 27 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation (NYSE: MI) (M&I) announced today the closing of its public offering of 156.4 million shares of its common stock at $5.75 per share. The 156.4 million shares include 20.4 million shares issued pursuant to the option granted to the underwriters by M&I, which was exercised in full. The proceeds to M&I, after deducting underwriting discounts, commissions and offering expenses, were approximately $863 million. Morgan Stanley and BofA Merrill Lynch acted as joint book-runners for the offering.
Marshall & Ilsley Corporation (NYSE: MI) is a diversified financial services corporation headquartered in Milwaukee, Wis., with $58.5 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 193 offices throughout the state. In addition, M&I has 53 locations throughout Arizona; 32 offices in Indianapolis and nearby communities; 36 offices along Florida's west coast and in central Florida; 16 offices in Kansas City and nearby communities; 26 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; and one office in Las Vegas, Nev. M&I's Southwest Bank subsidiary has 17 offices in the greater St. Louis area. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet. M&I's customer-based approach, internal growth, and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry.
SOURCE Marshall & Ilsley Corporation
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