New Media Investment Group (NEWM) Prices 7.5M Share Stock Offering for Proceeds of ~$120M
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New Media Announces Pricing of Public Offering of Common Stock
November 18, 2016 6:45 AM ESTNEW YORK--(BUSINESS WIRE)-- New Media Investment Group Inc. (New Media or the Company, NYSE: NEWM) announced today that it priced its public offering of 7,500,000 shares of its common stock for gross proceeds of approximately $120 million, before deducting underwriting discounts and commissions and offering expenses payable by the Company. The underwriter may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to... More
New Media Announces Public Offering of Common Stock
November 17, 2016 4:04 PM ESTNEW YORK--(BUSINESS WIRE)-- New Media Investment Group Inc. (New Media or the Company, NYSE: NEWM) announced today that it launched a public offering of 7,500,000 shares of its common stock. The underwriter may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. In connection with the offering, New Media has granted the underwriter an... More
