Key Developments: Credit Acceptance Corp (CACC.O)
108.16USD
21 May 2013
$-0.53 (-0.49%)
$108.75
$108.37
$109.20
$108.06
29,930
73,717
$128.90
$80.00
Latest Key Developments (Source: Significant Developments)
Credit Acceptance Corp Announces Closing of Secondary Offering By Selling Shareholders
Credit Acceptance Corp announced the closing of the previously announced underwritten public offering by certain trusts affiliated with the founder and Chairman of the Company Donald A. Foss and Karol A. Foss and certain individuals and entities associated with Prescott General Partners LLC of 1,500,000 shares of the Company's common stock at a price to the public of $105.00 per share. The Company did not sell any shares in the offering and did not receive any proceeds from the offering. The underwriters have a 30-day option to purchase up to an additional 225,000 shares of the Company's common stock from the selling shareholders. BofA Merrill Lynch and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the offering, and BMO Capital Markets acted as a co-manager. Full Article
Credit Acceptance Corp Announces Pricing of Secondary Offering By Selling Shareholders
Credit Acceptance Corp announced the pricing of the previously announced underwritten public offering by certain trusts affiliated with the founder and Chairman of the Company Donald A. Foss and Karol A. Foss and certain individuals and entities associated with Prescott General Partners LLC of 1,500,000 shares of the Company's common stock at a price to the public of $105.00 per share. The Company will not sell any shares in the offering and will not receive any proceeds from the offering. The underwriters will have a 30-day option to purchase up to an additional 225,000 shares of the Company's common stock from the selling shareholders. Subject to customary conditions, the offering is expected to close on April 17, 2013. BofA Merrill Lynch and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering, with BMO Capital Markets acting as a co-manager Full Article
Credit Acceptance Corp Announces Secondary Offering By Selling Shareholders
Credit Acceptance Corp announced that certain trusts affiliated with the founder and Chairman of the Company Donald A. Foss and Karol A. Foss and certain individuals and entities associated with Prescott General Partners LLC have informed the Company that they intend to commence an underwritten public offering of 1,500,000 shares of the Company's common stock. The Company will not sell any shares in the offering and will not receive any proceeds from the offering. BofA Merrill Lynch and Credit Suisse are acting as joint book-running managers for the offering, with BMO Capital Markets acting as a co-manager. The underwriters will have a 30-day option to purchase up to an additional 225,000 shares from the selling shareholders. Full Article
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