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

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

State Street Corporation Announces Public Offering of Common Stock

September 9, 2021 4:52 PM EDT

BOSTON--(BUSINESS WIRE)-- 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... More