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Article: Canaccord Adams Completes Two Transactions as Lead Investment Banker.
- Article from:
- PR Newswire
- Article date:
- June 4, 2009
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BOSTON, June 4 /PRNewswire/ -- Canaccord Adams was the lead book running manager on two U.S. firm commitment underwritten public offerings of common stock last week: Itron Inc. and Telvent GIT, S.A. . Both were marketed as overnight bought deal transactions. "The firm's strong balance sheet, capital base and global distribution were key in executing the transactions swiftly for these quality issuers," noted Jamie Brown, President of Canaccord Adams Inc. and Head of U.S. Investment Banking.
The Itron Inc. deal was completed on May 28, 2009, with gross proceeds of $146 million. Canaccord Adams was the sole book-running manager for the sale of 2.75 million shares ...