Huntington Conducts $400M Stock Offering

Law360, New York (September 18, 2009, 6:05 PM EDT) -- Huntington Bancshares Inc. on Friday priced a common stock offering of 95.2 million shares worth $400 million.

The terms of the deal allow for underwriters to purchase an additional 14.3 million shares in the next 30 days, potentially adding $60 million to the sale.

“We are very pleased with the pricing and investor receptivity to this offering,” said Stephen D. Steinour, chairman, president and CEO of Huntington.

“As a result of this offering, our common equity position will be significantly strengthened,” he said.

Huntington commenced the...
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