Rochester, NY 8/17/2009 9:30:42 PM
Umpqua Holdings Corp., UMPQ - Umpqua Holdings Sets Pricing at Discount, Triggers its Shares to Fall
Umpqua Holdings Corp.
Umpqua Holdings Corp. shares declines last Friday, this is soon after the regional bank increased the size of its common stock offering, and set the priced offer at nearly 9 percent discount to the stock’s closing price.
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Four days after announcing plans for an offering of $175 million, Umpqua said Friday that it was increasing the size to $225 million. Umpqua, whose stock closed Thursday at $10.69, priced the offering at $9.75 per share, for a total of about 23.1 million shares of common stock.
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