Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MOVE, Inc. > News item |
MOVE greenshoe exercised, ups 2.75% convertible sale to $100 million
By Tali David
Minneapolis, Aug. 8 - Underwriters for MOVE, Inc.'s 2.75% convertible senior notes due 2018 offering fully exercised their over-allotment option, adding an additional $15 million, according to a press release.
The company priced $85 million of the convertibles on Aug. 7.
The San Jose, Calif.-based real estate company intends to use up to $25 million of the proceeds to fund a repurchase of common stock.
Any remaining proceeds will be used for general corporate purposes, possible acquisitions or strategic transactions.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.