InterMune (ITMN) Prices 3.5M Share Offering
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InterMune, Inc. (Nasdaq: ITMN) announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock.
The company did not put a price, but it was likely a big discount to yesterday's $17.96 close. Shares are trading 10% lower this AM.
UBS Investment Bank is the sole manager for the offering. InterMune has granted the underwriter a 30-day option to purchase up to an additional 525,000 shares to cover over-allotments, if any.
The company did not put a price, but it was likely a big discount to yesterday's $17.96 close. Shares are trading 10% lower this AM.
UBS Investment Bank is the sole manager for the offering. InterMune has granted the underwriter a 30-day option to purchase up to an additional 525,000 shares to cover over-allotments, if any.
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