24/7 Wall St.
05-07-2008, 10:10 AM
24/7 Wall St. Daily News
Itron Inc. (NASDAQ:ITRI) announced after yesterday's close that it will sell 3.4 million shares of common stock in an at the market public secondary offering. Yesterday's closing price was $94.47 per share, so gross proceeds will be in the vicinity of $321 million. Itron said it plans to use $250 million of the proceeds to repay a portion of outstanding non-convertible debt and the rest will be used for general corporate purposes. While this will effectively be a spot secondary in result, this is under an existing shelf filing. The funds are expected to close on or about May 12,...http://feeds.feedburner.com/~f/typepad/RyNm?i=VpgsjH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=VpgsjH) http://feeds.feedburner.com/~f/typepad/RyNm?i=bqpgrH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=bqpgrH) http://feeds.feedburner.com/~f/typepad/RyNm?i=iCcdBh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=iCcdBh)
complete story here... (http://www.247wallst.com/2008/05/secondary-offer.html)
Itron Inc. (NASDAQ:ITRI) announced after yesterday's close that it will sell 3.4 million shares of common stock in an at the market public secondary offering. Yesterday's closing price was $94.47 per share, so gross proceeds will be in the vicinity of $321 million. Itron said it plans to use $250 million of the proceeds to repay a portion of outstanding non-convertible debt and the rest will be used for general corporate purposes. While this will effectively be a spot secondary in result, this is under an existing shelf filing. The funds are expected to close on or about May 12,...http://feeds.feedburner.com/~f/typepad/RyNm?i=VpgsjH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=VpgsjH) http://feeds.feedburner.com/~f/typepad/RyNm?i=bqpgrH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=bqpgrH) http://feeds.feedburner.com/~f/typepad/RyNm?i=iCcdBh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=iCcdBh)
complete story here... (http://www.247wallst.com/2008/05/secondary-offer.html)