Raymond James (RJF) falls 2.6% AH after Bloomberg reports the company is launching a 10.5M share...

|About: Raymond James Financial Inc. (RJF)|By:, SA News Editor

Raymond James (RJF) falls 2.6% AH after Bloomberg reports the company is launching a 10.5M share offering, good for proceeds of $366.6M based on today's close. The company plans to use the offering's proceeds to help pay for its acquisition of Morgan Keegan (RF).