State Street (STT) Prices 21.7M Share Offering at $87.6/sh

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Go back to State Street (STT) Prices 21.7M Share Offering at $87.6/sh

State Street Corporation Prices Common Stock Offering

September 9, 2021 11:45 PM EDT

BOSTON--(BUSINESS WIRE)-- State Street Corporation (State Street) (NYSE: STT) today announced the pricing of an underwritten public offering of 21,724,217 shares of its common stock at a public offering price of $87.60 per share. The offering is being conducted as a public offering registered under the Securities Act of 1933, as amended.

The offering is expected to close on September 14, 2021, subject to customary closing conditions.

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... More