Duff & Phelps (DUF) Announces 2.5M Common Stock Offering
More News related to DUF
- Duff & Phelps to Issue Fourth Quarter 2009 Financial Results
- Steven Horan, RenewData CEO, to Speak on Panel at Duff & Phelps' Legal Technology CEO Summit 2010
- Duff & Phelps Adds Key Professionals to Expand Corporate Finance Consulting Segment
- Phoenix Announces Sale of PFG Holdings, Inc.
- Last Day to Vote for the Best IR Program and Best IR Officer
More News related to Equity Offerings
- Hoku Scientific (HOKU) Files 20.01M Common Shelf for a Selling Shareholder
- China Agritech (CAGC) Files $100M Mixed Securities Shelf
- ChinaTel Group (CHTL) Jumps Higher On 'Above-Market' Equity Financing
- Developers Diversified Realty (DDR) Prices 37.3M Common Offering at $8.16/Share
- EV Energy Partners (EVEP) Prices 3M Common Unit Offering at $28.08/Unit
Duff & Phelps Corporation (NYSE: DUF) today announced that it has agreed to sell 2,500,000 shares in an underwritten public offering of Class A common stock.
Duff & Phelps intends to use the net proceeds from this offering to redeem certain of the units in Duff & Phelps Acquisitions, LLC that are held by existing unit holders. Such holders who elect to be redeemed with the proceeds from this offering will agree to a lock-up for a period of 90 days after the date of the prospectus supplement for this offering. Existing unit holders, other than executive officers and directors, who elect not to be redeemed with the proceeds from this offering will not be subject to such lock-up and their units may be exchangeable on November 16, 2009 for an equal number of shares of Class A common stock.
Goldman, Sachs & Co. is acting as the sole underwriter for the offering.
Related Categories
Equity OfferingsStocks Mentioned
+0.30Sign 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!
