Seeking Alpha

SunEdison lower after pricing 30M-share stock offering at $7.25

  • Not counting any use of a 4.5M-share overallotment option, the offering is set to yield gross proceeds of $217.5M, and increase SunEdison's (SUNE -1.5%) diluted share count by 13%. (PR)
  • Shares are still trading above the offering price, but down 11% from where they traded before the offering was first announced on Tuesday.
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