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Article: Lincoln Educational Services Corporation Announces Public Equity Offering By a Selling Stockholder and Updates Third Quarter Guidance.
- Article from:
- Journal of Technology
- Article date:
- October 6, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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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Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced a public offering of 4,000,000 shares of its common stock to be sold by a selling stockholder. 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 will be made under a shelf registration statement filed with the Securities and Exchange Commission. Barclays Capital Inc. and Credit Suisse Securities (USA) LLC will be the joint book-running managers. Robert W. Baird & Co. Incorporated, BMO Capital Markets ...