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Article: Lincoln Educational Services Corporation Announces Pricing of Public Equity Offering By a Selling Stockholder.
- Article from:
- PR Newswire
- Article date:
- September 25, 2009
CopyrightCOPYRIGHT 2009 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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WEST ORANGE, N.J., Sept. 25 /PRNewswire-FirstCall/ -- Lincoln Educational Services Corporation ("Lincoln") today announced the pricing of a public offering of 4,000,000 shares of its common stock to be sold by a selling stockholder at a price to the public of $20.25 per share. The selling stockholder has granted the underwriters an option to purchase up to an additional 600,000 shares. Lincoln will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder.
The offering was made under a shelf registration statement filed with the Securities and Exchange Commission and is expected to close on September 30, 2009. ...