HealthEquity (HQY) Prices 4.6M Share Common Offering at $56/Sh

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Pre-Open Stock Movers 07/08: (NGHC) (XENT) (NKLA) Higher; (HQY) (LEVI) (ALL) Lower (more...)

July 8, 2020 9:24 AM EDT

Today's Pre-Open Stock Movers

National General Holdings Corporation (NASDAQ: NGHC) 64.5% HIGHER; The Allstate Corporation (NYSE: ALL) has agreed to acquire National General Holdings Corporation (NASDAQ: NGHC) for approximately $4 billion in cash, or $34.50... More

HealthEquity (HQY) Announces Commencement of $250M Proposed Offering of Common Stock

July 8, 2020 7:08 AM EDT

HealthEquity, Inc. (NASDAQ: HQY) (HealthEquity or the Company), today announced that that it has commenced an underwritten public offering of $250 million of shares of its common stock. HealthEquity intends to use the net proceeds from the offering to free up additional capital for organic and inorganic growth by pre-paying $200 million under its term loan facility, with the remaining proceeds to be used for general corporate purposes, which may... More