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Gray Television prices public offering of common stock


26 Mar 2015
Gray Television announced that it has priced its previously announced underwritten public offering of 12 million shares of its common stock at a price to the public of USD 13 per share.

Gray has also granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares of common stock. The offering is expected to close on March 31, 2015, subject to the satisfaction of customary closing conditions.

The gross proceeds from the offering are approximately USD 156 million before deducting underwriting discounts and commissions and estimated offering expenses.

Wells Fargo Securities is acting as the bookrunning manager and representative of the underwriters for the offering. RBC Capital Markets is also acting as a bookrunner. Barrington Research and Sidoti & Company, LLC are acting as co-managers for the offering.
Source: Dion Global   Type: IPO Related