Sinclair Broadcast Group is offering 12 million primary shares of Class A common stock. The company said it intends to grant the underwriters a 30-day option to purchase up to an additional 1.8 million shares of Class A common stock on the same terms and conditions. Sinclair said the money raised will “be used to fund future potential acquisitions and for general corporate purposes.” It didn’t say how much it hopes to raise.
Gray Television Inc. said it has completed its previously announced underwritten public offering of shares of its common stock at $13 per share. Gray issued 13.5 million shares. The company said the proceeds are approximately $175.6 million and it will use the money for general corporate purposes that could include repayment of outstanding debt, capital expenditures, the financing of possible future business expansions and acquisitions, increasing working capital and the financing of ongoing operating expenses and overhead.
Gray Television Inc. announced today that it has commenced an underwritten public offering, subject to market and other conditions, of 12 million shares of its common stock. In addition, Gray expects to grant the underwriters an option for 30 days to purchase up to an additional 1.8 million shares of common stock. The company said: […]
Sinclair Broadcast Group announced today that it has priced an underwritten public offering of 18 million primary shares of Class A common stock at a price to the public of $27.25 per share. Certain selling stockholders also granted the underwriters a 30-day option to purchase up to an additional 2.7 million shares of Class A […]