AirTran (AAI) Sinks On Equity Offering
Tweet
Share
E-mailGet Alerts AAI Hot Sheet
Join SI Premium – FREE
Shares of AirTran Holdings, Inc. (NYSE: AAI) are reeling today after the company announced plans to sell 9 million common shares in addition to $75 million in Convertible Senior Notes.
AirTran said it intends to use the net proceeds of each of the offerings for general corporate purposes.
If the shares are priced at $5/share, the total equity offering could be nearly $140 million.
Shares of AirTran are down 17% on this news.
AirTran said it intends to use the net proceeds of each of the offerings for general corporate purposes.
If the shares are priced at $5/share, the total equity offering could be nearly $140 million.
Shares of AirTran are down 17% on this news.
You May Also Be Interested In
- Leader's Advantage Acquisition prices $150M IPO on Nasdaq
- ReTo Eco-Solutions prices $15 million direct offering at $1.50 a share
- Agnico Eagle takes 14.9% stake in Scout Discoveries via $25M placement
Create E-mail Alert Related Categories
Equity Offerings, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
