Top Financial Shares:
Financial shares are lower in today's pre-market session,
continuing last week's selloff in part over ongoing uncertainty
about the timing of the tapering of the Fed's stimulus program.
In financial stocks news, Independent Bank (
) said Monday that it will offer $86 million of its common stock in
an underwritten public offering. The company also said it will
grant the underwriters a 30-day option to purchase up to an
additional 15% of the shares of common stock sold pursuant to this
transaction to cover over-allotments, if any. All of the shares are
being offered by the company. Shares closed at $7.94 with a 52-week
range of $2.61 - $9.00.
And Blackstone's (
) real estate division is offering to buy Tysan, a Hong Kong
construction company, for $322 million, Reuters reports. BX is flat
at $21.74 pre-market.
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