Newcastle Investment (NCT) prices its secondary at $9.35/share, and upsizes the offering to 50M...

|About: Newcastle Investment Corp. (NCT)|By:, SA News Editor

Newcastle Investment (NCT) prices its secondary at $9.35/share, and upsizes the offering to 50M shares from 40M for gross proceeds of $467.5M. As of Sept 30, the float was 172.5M shares. The stock gains another 0.4% AH to $9.64 after rising 6.8% in the regular session on news of what looks to be a profitable acquisition and the spin-off of its Excess MSRs. (PR)