PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, May 20, 9:52 PM
| This Slide: #523 of 581 |
Slide #523. The Dolan Company — Preferred Stock Offering
Company:
The Dolan Company (NYSE:DM)
Date announced:
1/22/2013
Date of Pricing:
1/24/2013
Price Per Share:
$23.00
Preferred Stock Offering Details:
The Dolan Company (NYSE:DM),a leading provider of professional services and business information to the legal, financial and real estate sectors in the United States, today announced that it intends to engage in an underwritten public offering of a newly designated series of preferred stock, designated as its 8.5% Series B Cumulative Preferred Stock (the "Series B Preferred Stock"). The company will file an application to list the Series B Preferred Stock on the New York Stock Exchange. The underwriters are selling the shares of the Series B Preferred Stock on a "best efforts" basis. The company plans to use the net proceeds from the offering to repay borrowings outstanding under its credit facility. --updated 1/24/13 - The Dolan Company (NYSE:DM), a leading provider of professional services and business information to the legal, financial and real estate sectors in the United States, today announced that it has priced an underwritten public offering of its 8.5% Series B Cumulative Preferred Stock (the "Series B Preferred Stock") at a public offering price of $23.00 per share. Gross proceeds to the company are expected to be approximately $16.1 million. The company plans to use the net proceeds from the offering to repay borrowings outstanding under its credit facility. MLV & Co. LLC is acting as sole book-running manager for the offering, and Dougherty & Company and Northland Capital Markets are acting as co-managers for the offering.
Desktop Metal is a blank check company.
Preferred: DM.PRB
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Avg. Broker Rec.
 
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Buy (3.20 out of 4) 33rd percentile
(ranked lower than approx. 67% of all stocks covered)
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