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Article: Nucor Closes Common Stock Offering.
- Article from:
- PR Newswire
- Article date:
- May 29, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHARLOTTE, N.C., May 29 /PRNewswire-FirstCall/ -- Nucor Corporation announced today the closing of its public offering of 27,667,580 shares of its common stock, including 2,667,580 shares issued after the underwriters exercised their over-allotment option. The offering was priced at $74.00 per share.
Gross proceeds of the offering were approximately $2.047 billion. Nucor intends to use the net proceeds from the offering for general corporate purposes including acquisitions, capital expenditures, working capital needs and repayment of debt.
Banc of America Securities LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. acted as Joint ...