info on AKS forgot to post it (from Investopedi
Post# of 658
Posted On: 10/31/2016 9:09:39 AM
info on AKS forgot to post it (from Investopedia)
Quote:
AK Steel Holding Corp. (AKS) announced on October 26 its intention that a registered offering of 65 million shares of common stock would be offered to the public.
Along with the initial offering of common stock, the company also anticipates granting a 30-day option to the underwriters to purchase up to 9.75 million additional shares.
Pricing of the public offering is set at $4.90 per share. The offering is expected to close on November 1, 2016.
The company anticipates using the net proceeds generated by the sale of stock to pay down some of the company’s debt remaining on the company’s $1.5 billion revolving credit facility, with some withheld for general corporate purposes.
AK Steel, along with some of its subsidiary companies, has filed a statement of registration with the SEC in regards to the offering. Investors are encouraged to read the related prospectus supplement and accompanying prospectus, along with any other documentation that has been filed with the SEC prior to making an investment decision.
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my "home" come for a visit here
Don't be afraid to be outnumbered. Pigeons flock together. Eagle fly alone
Don't be afraid to be outnumbered. Pigeons flock together. Eagle fly alone
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