State Street (STT) Announces 21.7M Share Public Offering of Common Stock

State Street Corporation (“State Street”) (NYSE: STT) today announced that it intends to sell 21,724,217 shares of its common stock in an underwritten public offering. The offering will be conducted as a public offering registered under the Securities Act of 1933, as amended. All of the shares in the offering are to be sold by State Street.

State Street intends to use the net proceeds from this offering to fund a portion of the cash consideration payable for, and certain costs associated with, the acquisition of Brown Brothers Harriman Investor Services (“BBH Investor Services”). Completion of this offering is not contingent upon the completion of the acquisition of BBH Investor Services. If the acquisition of BBH Investor Services is not completed, State Street will use the net proceeds for general corporate purposes.

Goldman Sachs & Co. LLC and BofA Securities are acting as underwriters for the proposed offering.

You May Also Be Interested In

• Cosmos Health signs Saudi distribution deal for supplement line
• QTREX Quantum prices $10 million registered direct offering
• Game Your Game plans full commercial launch of golf AI platform