Casual Male (CMRG) To Sell 4.95M Shares
More News related to CMRG
- Casual Male (CMRG) Posts Q3 Loss of $0.03, Misses by 1c; Guides FY09 Sales
- Casual Male Retail Group, Inc. Reports Sales and Operating Results for Third Quarter and First Nine Months of Fiscal 2009
- Trading Radar for 11/19: Gap (GPS), Suntech Power (STP), Foot Locker (FL), Intuit (INTU), GameStop (GME) Report
- Casual Male (CMRG) To Sell 4.95M Shares
- Unusual 11 Mid-Day Movers 8/25: WLDN, CASM, CMRG, SPDE Higher; NED, GSL, ARAY, AIR Lower
Casual Male Retail Group, Inc. (Nasdaq: CMRG) agreed to sell 4,950,000 shares of common stock to certain institutional investors.
Casual Male has entered into definitive agreements to sell the shares of its common stock through a registered direct offering at a price of $2.75 per share for gross proceeds of approximately $13.6 million. The Company intends to use the net proceeds of approximately $12.6 million from this offering for general corporate purposes, including the repayment of indebtedness.
Related Categories
Equity OfferingsStocks Mentioned
-0.09Sign 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!
