Molycorp (MCP -11.5%) nears session lows after pricing separate offerings of stock and debt...

|By:, SA News Editor

Molycorp (MCP -11.5%) nears session lows after pricing separate offerings of stock and debt totaling at least $480M, higher than first estimated. MCP is offering 12M shares at $10 each, which could total 13.8M shares if the underwriter exercises an option to purchase more. The $360M note offering would increase to $414M if the underwriters exercise an over-allotment option. (earlier)