Post Holdings Up as Offering Upsized Prices at Wednesdays CloseMd Noman Siddique (Author) Published Date : May 29, 2014 19:27 IST
Post Holdings (POST) shares rose Thursday, after the cereal maker priced its offering of 5.5 million shares at $47.70, matching Wednesday's closing price. The offering also was increased by 1 million shares from its prior plans.
The company granted the underwriters a 30-day option to purchase up to an additional 825,000 shares of common stock at the public offering price less the underwriting discount. Shares were up 2.7% at $48.98 recently, in a 52-week range of $38.31 to $60.63.
Post Holdings Up as Offering Upsized Prices at Wednesdays Close