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Article: Select Medical Holdings Corporation Announces Exercise of Underwriters' Option to Purchase Additional Shares.
- Article from:
- Science Letter
- Article date:
- November 10, 2009
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Select Medical Holdings Corporation ("Select") (NYSE:SEM), the parent of Select Medical Corporation, announced that it had received notice of the exercise of the underwriters' over-allotment option to purchase an additional 3,602,700 shares of Select's common stock at a price per share of $10.00, which is expected to close on October 28, 2009, subject to customary closing conditions. The over-allotment option was granted in connection with Select's initial public offering of 30,000,000 shares, which closed on September 30, 2009 (see also Select Medical Holdings Corporation).
Total additional net proceeds to Select from the exercise of the over-allotment option ...