Hartford Financial Services Plans To Raise As Much as $2.25 Billion By Selling Shares (HIG)
Thursday, March 18, 2010 - 07:15
Written on Thu, 03/18/2010 - 7:15am
By Chip Brian

3/18/2010- Hartford Financial Services (NYSE:HIG) said it plans to raise as much as $2.25 billion by selling shares to repay the U.S. government rescue, according to a Bloomberg report.
The company will sell about 52.3 million common shares at $27.75 per share and 20 million preferred shares at $25.
The underwriters for the deal are Goldman Sachs (NYSE:GS) and JP Morgan (NYSE:JPM). They have the option to buy as much as 8 million common shares and 3 million preferred shares.

Keywords: Hartford Financial

Ticker(s): HIG GS JPM

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