Meteor Industries, Inc. announces it priced its public offering of 6.25 mln shares of common stock at $12/share (METR)
HARRISBURG, Pa.--(BUSINESS WIRE)--Metro Bancorp, Inc. (NASDAQ Global Select Market: METR) announced today that it has priced a public offering of 6,250,000 shares of its common stock to the public at $12.00 per share. The Company also granted the underwriters a 30-day option to purchase up to 625,000 shares to cover over-allotments, if any. The sale is expected to settle on September 30, 2009, subject to customary closing conditions. Sandler O’Neill + Partners, L.P. and RBC Capital Markets Corporation are acting as co-book running managers for the offering. The net proceeds of approximately $70.7 million from the offering will be used for general corporate purposes.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. Metro has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates, and such registration statement has been declared effective. Prospective investors should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents that Metro has filed with the SEC for more complete information about Metro and the offering. Investors may obtain these documents without charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the prospectus relating to the offering may be obtained from Sandler O’Neill + Partners, L.P., 919 Third Avenue, 6th Floor, New York, NY 10022, (866) 805-4128 or from RBC Capital Markets, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attention: Equity Syndicate or by faxing (212) 428¬6260 or calling (212) 428-6670.
