Marshall & Ilsley (MI) Commences $350 Million Common Stock Offering
More News related to MI
- Paulson Pick-Up Of Citigroup (C) Shares Is Nothing New
- Credit Suisse Starts Fifth Third (FITB) at Outperform, Marshall & Ilsley (MI) at Neutral
- Marshall & Ilsley Corporation to Present at the Bank of America Merrill Lynch Banking and Financial Services Conference
- M&I Bank (MI) to Receive $40 Million in allocation of New Markets Tax Credit From Department of Treasury
- Department of Treasury Awards M&I Bank $40 Million New Markets Tax Credit Allocation
More News related to Equity Offerings
- Central European Distribution (CEDC) Prices $380M Senior Secured Notes
- Washington Banking (WBCO) Prices 5M Common Offering at $9/Share
- AEGON (AEG) Announces $500M Unsecured Senior Note Offering
- Compellent Technologies (CML) Completes 3.84 Million Share Offering
- Advanced Micro Devices (AMD) To Sell $500M of Senior Notes in Private Offering
Marshall & Ilsley Corporation (NYSE: MI) (M&I) has commenced a discretionary equity issuance plan pursuant to which it will offer shares of its common stock having aggregate sales proceeds of up to $350 million. Sales of the shares of common stock, if any, will be made by means of ordinary brokers' transactions on the New York Stock Exchange or otherwise at then prevailing market prices. Morgan Stanley & Co. Incorporated will act as M&I's sales agent for the offering. M&I has filed a prospectus supplement to its existing automatic shelf registration statement on file with the Securities and Exchange Commission (SEC) in connection with the offering.
M&I intends to use the net proceeds of any sales under the program for general corporate purposes and may contribute some portion of the net proceeds to the capital of its subsidiaries, which will use these contributions for their general corporate purposes.[SM]
Related Categories
Equity OfferingsStocks Mentioned
-0.04Related Entities
Sign 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!
