Hudson Valley Holding Corp. (HUVL) Prices 3.6M Shares at $25/Share
Hudson Valley Holding Corp. (Nasdaq: HUVL) announced today that it has priced a public offering of 3.6 million shares of common stock at $25.00 per share for total gross proceeds of $90 million. The Company expects to close the sale of the common shares on October 30, 2009, subject to customary closing conditions.
Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC and Raymond James & Associates, Inc. are serving as joint book-running managers of the offering with Stifel, Nicolaus & Company, Incorporated serving as co-manager. The Company has also granted the underwriters a 30-day option to purchase from the Company up to an additional 540,000 shares of common stock to cover over-allotments.
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