Columbia Banking System (COLB) Announces Pricing of $104 Million At $12.25 A Share
Up)
Columbia Banking System, Inc. (Nasdaq: COLB) announced the pricing of an underwritten public offering of 8,500,000 shares of the Company's common stock at a price to the public of $12.25 per share for gross proceeds of approximately $104 million.
The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $98.6 million. Keefe, Bruyette & Woods, Inc. is acting as lead book-running manager of the offering, and D.A. Davidson & Co. is a co-manager.
Columbia Banking System has granted the underwriters a 30-day option to purchase up to an additional 1,275,000 shares of common stock to cover over-allotments, if any.
The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $98.6 million. Keefe, Bruyette & Woods, Inc. is acting as lead book-running manager of the offering, and D.A. Davidson & Co. is a co-manager.
Columbia Banking System has granted the underwriters a 30-day option to purchase up to an additional 1,275,000 shares of common stock to cover over-allotments, if any.
You May Also Be Interested In
- Regency Energy Partners (RGP) Files $200M Common Unit Shelf
- A123 Systems (AONE) Amends Purchase Agreement, Will File 49.6M Common Shelf for Underlying Notes
- Voyager Oil & Gas (VOG) Files $100M Mixed Shelf
Create E-mail Alert Related Categories
Equity OfferingsRelated Entities
Keefe, Bruyette & Woods, D.A. DavidsonSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
