Business News • MarketWire • First Midwest Bancorp, Inc. Announces Pricing of $180 Million Common Stock Offering |
First Midwest Bancorp, Inc. Announces Pricing of $180 Million Common Stock Offering |
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First Midwest Bancorp, Inc. Announces Pricing of $180 Million Common Stock Offering
ITASCA, IL--(Marketwire - January 13, 2010) - First Midwest Bancorp, Inc. ("First Midwest" or
the "Company") (NASDAQ: FMBI) today announced the pricing of its
underwritten public offering of approximately 16.4 million shares of the
Company's common stock at a price to the public of $11.00 per share, for
gross proceeds of approximately $180 million. The net proceeds to the
Company after deducting underwriting discounts and commissions and
estimated offering expenses are expected to be approximately $170 million.
The underwriters will have a 30-day option to purchase up to approximately
2.5 million additional shares of the Company's common stock. First Midwest
intends to use the net proceeds of the offering for general corporate
purposes.
View More : http://www.marketwire.com/mw/release.do?id=1101561&sourceType=3
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