First BanCorp (FBP) Commences 10.65M Common Rights Offering
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First BanCorp (NYSE: FBP) will commence on October 25, 2011, a rights offering to sell 10,651,835 shares of common stock to stockholders who owned common stock at the close of business on September 6, 2011.
Stockholders who owned shares of common stock of the Corporation as of the Record Date will receive at no charge a transferable right to purchase newly-issued shares of common stock in the Rights Offering at a price of $3.50 per share.
Stockholders who owned shares of common stock of the Corporation as of the Record Date will receive at no charge a transferable right to purchase newly-issued shares of common stock in the Rights Offering at a price of $3.50 per share.
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