UBS Upgrades InterMune Inc. (ITMN) to Buy
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InterMune (ITMN) Announces $105M Convertible Senior Notes Offering
January 16, 2013 6:18 AM ESTInterMune, Inc. (Nasdaq: ITMN) has agreed to sell an aggregate of $105,000,000 principal amount of its 2.50% convertible senior notes due 2017 and 13,500,000 shares of its common stock at a price to the public of $9.90 per share in concurrent underwritten public offerings. InterMune has granted the underwriters 30-day options to purchase up to an additional $15,750,000 aggregate principal amount of convertible senior notes and up to an additional 2,025,000 shares of common stock in connection with the offerings. InterMune estimates aggregate net proceeds from the concurrent offerings to be approximately $228.1 million (assuming no exercise of the underwriters' options to purchase... More
InterMune, Inc. (ITMN) Plans Sale of Convertible Notes and 12.5M Share Stock offering
January 14, 2013 4:02 PM ESTInterMune, Inc. (Nasdaq: ITMN) today announced that it plans to offer, subject to market and other conditions, $85.0 million aggregate principal amount of convertible senior notes due 2017 and 12,500,000 shares of its common stock in concurrent underwritten public offerings. InterMune expects to grant the... More
