Gray Announces Proposed Stock offering

[Y2kTheNewOldies]

http://www.tvnewscheck.com/article/109159/gray-announces-proposed-stock-offering

Here is a notice released by gray

Gray Television on Monday said it has underwritten a public offering of 15 million shares of common stock. In addition, Gray said it expects to grant the underwriters an option for 30 days to purchase up to an additional 2.25 million shares. It said it expects to use the money raised to purchase additional shares for general corporate purposes.

 

[Y2kTheNewOldies]

http://www.tvnewscheck.com/article/109253/gray-looks-to-raise-218m-in-public-offering

Update Gray looks to raise $218 Million in public offering

Gray Television announced Wednesday that it has priced its previously announced public offering of 15 million shares of common stock at $14.50 per share. The offering is expected to close on Dec. 4. Gross proceeds are expected to be approximately $217.5 million (or approximately $250.1 million if the underwriters exercise their option to purchase additional shares). Gray said it intends to use the proceeds for, among other things, repayment of outstanding debt, capital expenditures, financing possible business expansions and acquisitions, increasing working capital and financing ongoing operating expenses and overhead.

 

[Y2kTheNewOldies]

http://www.tvnewscheck.com/article/109429/gray-public-offering-raises-250-million

Update Gray offers Public raises to $250 Million.