Signature Group Holdings announces pricing of common stock
offering
16/12/2014 15:40
Signature Group Holdings, Inc. announced that it has priced its previously announced underwritten public offering of 4,384,615 shares of its common stock at USD 6.50 per share. The company intends to use the net proceeds from this offering for general corporate purposes, including to pay a portion of the purchase price of the pending acquisition by its indirect wholly owned subsidiary, Real Alloy Holding, Inc., of the equity interests of certain entities, which, together with their subsidiaries, comprise the global recycling and specification alloys business of Aleris Corporation (GRSA). This offering is not conditioned upon the completion of such acquisition, but is subject to customary conditions. B. Riley & Co. is acting as the sole bookrunning manager for the offering.
16/12/2014 15:40
Signature Group Holdings, Inc. announced that it has priced its previously announced underwritten public offering of 4,384,615 shares of its common stock at USD 6.50 per share. The company intends to use the net proceeds from this offering for general corporate purposes, including to pay a portion of the purchase price of the pending acquisition by its indirect wholly owned subsidiary, Real Alloy Holding, Inc., of the equity interests of certain entities, which, together with their subsidiaries, comprise the global recycling and specification alloys business of Aleris Corporation (GRSA). This offering is not conditioned upon the completion of such acquisition, but is subject to customary conditions. B. Riley & Co. is acting as the sole bookrunning manager for the offering.
