TAL Int'l (TAL) Announces 5M Common Offering
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TAL International Group, Inc. (NYSE: TAL) announces a 5 million common stock offering.
Of the total, TAL will offer 2.5 million shares and Selling Shareholders will offer 2.5 million.
The selling stockholders intend to grant the underwriters an option for 30 days to purchase up to an aggregate of 750,000 additional shares of common stock to cover overallotments, if any.
Net proceeds will be used for general corporate purposes, including, but not limited to, purchasing containers and making other capital expenditures and for general working capital purposes.
TAL will not receive proceeds from the sale by Shareholders.
Of the total, TAL will offer 2.5 million shares and Selling Shareholders will offer 2.5 million.
The selling stockholders intend to grant the underwriters an option for 30 days to purchase up to an aggregate of 750,000 additional shares of common stock to cover overallotments, if any.
Net proceeds will be used for general corporate purposes, including, but not limited to, purchasing containers and making other capital expenditures and for general working capital purposes.
TAL will not receive proceeds from the sale by Shareholders.
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