Citizens Financial Group Announces Secondary Common Stock Offering by RBS Group
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July 29, 2015 9:33 AM EDT
Citizens Financial Group (NYSE: CFG) announced that The Royal Bank of Scotland Group plc (RBS), through a subsidiary, has agreed to sell 86 million shares, or 16%, of CFGs issued and outstanding common stock at a price to the public of $26.00 per share (the Offering). CFG will not be issuing or selling common... More
July 28, 2015 8:12 AM EDT
Citizens Financial Group (NYSE: CFG) announced that The Royal Bank of Scotland Group plc (NYSE: RBS), through a subsidiary, has launched an underwritten public offering to sell Citizens Financial Group, Inc. common stock (the Offering). CFG will not be issuing or selling common stock, and will not receive any proceeds from the Offering.
RBS plans to sell 75 million CFG shares in the Offering. In addition, RBS will grant the underwriters an overallotment option to purchase up to an additional 11.25 million CFG... More
