Lincoln Raises Funds To Exit TARP
In an attempt to repay its $950 million government bailout fund, Lincoln National Corp. (NYSE:LNC) announced its intention to raise money through equity and debt offering. As a result, on Monday, the company publicly offered its common stock of about 12.3 million at a purchase price of $27.25 per share. The company expects to raise approximately $335 million from the offer.
While this equity stock offering is projected to be closed by June 18, 2010, Lincoln has offered its underwriters a 30-day … [visit site to read more]
