Atlantic Union Bankshares (AUB) announced that it priced an underwritten public offering of 9,859,155 shares of its common stock at a price of $35.50 per share, for an aggregate offering amount of $350M. The approximate net proceeds of the offering will be $336M. Morgan Stanley & Co. is acting as lead book-running manager for the offering. BofA Securities is acting as book-running manager. Piper Sandler & Co. and Stephens are acting as co-managers for the offering.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AUB:
- Atlantic Union Bankshares reports Q3 adjusted EPS 83c, consensus 81c
- Atlantic Union Bankshares to acquire Sandy Spring Bancorp for $1.6B
- AUB Upcoming Earnings Report: What to Expect?
- Atlantic Union Bankshares price target lowered to $41 from $45 at Raymond James
- Sandy Spring shares rise after Bloomberg report on takeover talks