Lithia Motors (LAD) Prices 3.18M Share Common Offering at $220/Sh
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Lithia Announces Pricing of Public Offering of Common Stock
September 30, 2020 10:46 PM EDTMEDFORD, Ore.--(BUSINESS WIRE)-- Lithia Motors, Inc. (NYSE: LAD) today announced the pricing of its public offering (the Offering) of 3,181,819 shares of its Class A common stock (the common stock) at a price to the public of $220.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 477,272 shares of common stock at the same public offering price, less underwriting discounts and commissions. The offering is expected to close on October 5, 2020, subject to the satisfaction of customary closing conditions.
In addition, today Lithia concurrently announced... More
