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Delphi Financial Commences Public Offering of Common Stock
Tuesday, August 18, 2009 11:01 AM


(Source: Datamonitor)trackingUS-based Delphi Financial Group has announced a registered underwritten public offering of three million shares of its class A common stock.

Delphi will grant the underwriter a 30-day option to purchase up to 450,000 additional shares of class A common stock from Delphi if the underwriter sells more than three million shares of Delphi's class A common stock in the offering.

Net proceeds from the offering are expected to be used for general corporate purposes. Barclays Capital is the sole book-running manager of the offering.

A service of YellowBrix, Inc.



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