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Article: Union Bankshares Corporation Announces Pricing of Common Stock Offering.

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Investment Weekly News
Article date:
September 26, 2009
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Union Bankshares Corporation (NASDAQ:UBSH) announced the pricing of an underwritten public offering of 4.725 million shares of its common stock at a price of $13.25 per share.

Keefe, Bruyette & Woods is acting as the lead book-running manager, with Scott & Stringfellow and SunTrust Robinson Humphrey acting as co-managers. Union Bankshares Corporation has granted the underwriters a 30-day option to purchase up to an additional 708,750 shares of Union Bankshares Corporation common stock to cover over-allotments, if any.

Union Bankshares Corporation intends to use the net proceeds from the offering, which are expected to be approximately $58.8 million ...

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