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Article: SunTrust Banks, Inc. Announces Pricing of $1.4 Billion Common Stock Offering.
- Article from:
- Investment Weekly News
- Article date:
- June 20, 2009
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SunTrust Banks, Inc. (NYSE:STI) announced it has priced a $1.4 billion offering of 108 million shares of its common stock at $13.00 per share. The underwriters will have a 30-day option to purchase up to an additional 16.2 million shares of the Company's common stock.
Morgan Stanley, Sandler O'Neill + Partners, L.P., SunTrust Robinson Humphrey, Inc. and Goldman, Sachs & Co. are serving as joint bookrunning managers for the offering.
This announcement does not constitute an offer to sell or the solicitation of any offer to buy the common stock, nor shall there be any offer or sale of the common stock in any jurisdiction in which such offer, solicitation ...