MidSouth Bancorp to raise $30 million through secondary offering
Nov 26, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Company: Midsouth Bancorp, Inc. (MSL)
MidSouth Bancorp, Inc., a US-based bank holding company, is planning to raise approximately $30 million through a public offering of shares of its common stock.
MidSouth intends to grant the underwriters an option to purchase up to an additional $4.5 million of common stock within 30 days to cover over-allotments.
Howe Barnes Hoefer & Arnett, Inc. is acting as book running manager and Sterne, Agee & Leach, Inc. and FIG Partners, LLC are acting as co-managers for the offering.
Deal Value (US$ Million) 30 Deal Type IPO Sub-Category Secondary Offering Deal Status Announced: 2009-11-25
Deal Participants
Target (Company) MidSouth Bancorp, Inc.
Deal Rationale
The net proceeds from the offering will be used for general corporate purposes including the growth and acquisition opportunities of MidSouth.
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News Provided by COMTEX
Company: Midsouth Bancorp, Inc. (MSL)
Related terms: acquisition, bank, book, corporate, ipo, public offering
