Huntington Bancshares Prices 95.2 Million Common Shares
September 21, 2009, 2009 (FinancialWire) — Huntington Bancshares Inc. (NASDAQ: HBAN) has priced an offering of 95.2 million shares of its common stock at a $4.20 per share, for $400 million in gross proceeds. Goldman Sachs & Co. (NYSEl: GS) is acting as bookrunning manager.
The underwriters will have a 30-day option to purchase up to an additional 14.3 million shares of common stock from Huntington.
Columbus, Ohio-based Huntington Bancshares is a regional bank holding company whose banking subsidiary operates more than 600 offices in Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.
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