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New Media files mixed shelf for 6M shares

Published 04/05/2018, 04:37 PM
© Reuters.  New Media files mixed shelf for 6M shares
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  • New Media Investment Group (NYSE:NEWM) is launching a 6M-share public offering.
  • Those shares will go from time to time on NYSE, over the counter, in negotiated transactions or otherwise, at prevailing market prices. The underwriter has a 30-day greenshoe option for up to another 900,000 shares.
  • Net proceeds are for general purposes, "including to fund recently announced and future acquisitions." The company has recently set deals to purchase newspapers in Austin, Texas, and Palm Beach, Fla.
  • Joint book-runners are Credit Suisse (SIX:CSGN) Securities and Morgan Stanley (NYSE:MS).
  • Now read: WD-40 beats by
  • Now read: WD-40 beats by $0.10, misses on revenue
  • .10, misses on revenue


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