ReadSpeaker:
ListenLarger documents may require additional load time.
GTT Communications Sets Pricing for Public Offering of Common Stock
Wireless News. (Dec. 10, 2014):
Full Text: 

GTT Communications reported the pricing of a public offering of 3,500,000 shares of common stock at a purchase price of $12.75 per share.

According to a company release, the net proceeds to GTT from this offering are expected to be approximately $41.6 million, after deducting underwriting discounts and other estimated offering expenses payable by GTT. GTT has also granted the underwriters a 30-day option to purchase up to 525,000 additional shares of common. The offering is expected to close on December 10, subject to customary closing conditions. GTT will use the net proceeds from this offering of common stock for working capital and general corporate purposes, including potential future acquisitions and other strategic purposes.

In connection with the offering Jefferies and William Blair & Company are acting as joint book-running managers. Pacific Crest Securities, Craig-Hallum Capital Group, and Drexel Hamilton are acting as co-managers.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

Source Citation   (MLA 8th Edition)
"GTT Communications Sets Pricing for Public Offering of Common Stock." Wireless News, 10 Dec. 2014. Computer Database, go.galegroup.com%2Fps%2Fi.do%3Fp%3DCDB%26sw%3Dw%26u%3Dlom_umichdearb%26v%3D2.1%26id%3DGALE%257CA392951348%26it%3Dr%26asid%3D55f40597a17439eebc066a4d68bb7193. Accessed 27 Feb. 2017.

Gale Document Number: GALE|A392951348