Prudential Financial (PRU) To Offer $1.25B In Stock, Won't Participate In TARP

June 1, 2009 6:55 AM EDT

Prudential Financial, Inc. (NYSE: PRU) announced that it has commenced a public offering of $1.25 billion of its Common Stock.

Prudential also announced that, after conducting a thorough review, management has determined the company will not participate in the U.S. Department of the Treasury’s Capital Purchase Program.


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