RBS to Sell 75M Citizens Financial Group (CFG) Common Shares
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Citizens Financial Group Announces Secondary Common Stock Offering by RBS Group
July 28, 2015 7:15 AM EDTPROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. (NYSE: CFG) today announced that The Royal Bank of Scotland Group plc (RBS), through a subsidiary, has launched an underwritten public offering to sell Citizens Financial Group, Inc. common stock (the Offering). CFG will not be issuing or selling common stock, and will not receive any proceeds from the Offering.
RBS plans to sell 75 million CFG shares in the Offering. In addition, RBS will grant the underwriters an overallotment option to purchase up to an additional 11.25 million CFG shares.
Completion of the Offering,... More
