lowecur
Well-known member
- Joined
- Sep 14, 2003
- Posts
- 2,317
Another $75M that can be used to buy more E-jets. Wonder who the lucky customer will be this time?
Republic Airways to Offer 6M More Shares
Wednesday February 2, 1:09 pm ET
Republic Airways Holdings Announces Follow-On Offering of 6 Million Shares at $12.50 Apiece
INDIANAPOLIS (AP) -- Republic Airways Holdings Inc., the parent of Chautauqua Airlines Inc. and Republic Airline Inc., on Wednesday announced a follow-on offering of 6 million shares at $12.50 each.
Republic Airways has 25.5 million outstanding shares.
Proceeds will be used for general corporate purposes -- including working capital, acquisitions of aircraft and parts, and potential strategic acquisitions and investments. The company said it currently has no plans for strategic acquisitions or investments.
Merrill Lynch served as the lead manager of the offering and Raymond James and UBS Securities were co-managers. The underwriters were given an option to buy up to an additional 900,000 shares to cover over-allotments.
Republic Airways shares rose 4 cents to $12.87 in midday trading on the Nasdaq.
Republic Airways to Offer 6M More Shares
Wednesday February 2, 1:09 pm ET
Republic Airways Holdings Announces Follow-On Offering of 6 Million Shares at $12.50 Apiece
INDIANAPOLIS (AP) -- Republic Airways Holdings Inc., the parent of Chautauqua Airlines Inc. and Republic Airline Inc., on Wednesday announced a follow-on offering of 6 million shares at $12.50 each.
Republic Airways has 25.5 million outstanding shares.
Proceeds will be used for general corporate purposes -- including working capital, acquisitions of aircraft and parts, and potential strategic acquisitions and investments. The company said it currently has no plans for strategic acquisitions or investments.
Merrill Lynch served as the lead manager of the offering and Raymond James and UBS Securities were co-managers. The underwriters were given an option to buy up to an additional 900,000 shares to cover over-allotments.
Republic Airways shares rose 4 cents to $12.87 in midday trading on the Nasdaq.
