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Infinity Pharmaceuticals Inc Prices Public Offering Of Common Stock


Thursday, 13 Dec 2012 09:30am EST 

Infinity Pharmaceuticals Inc announced that the pricing of an underwritten registered public offering of 5,696,923 shares of its common stock at a public offering price of $26.33 per share. All of the shares in the offering are to be sold by Infinity. The offering is expected to close on or about December 18, 2012, subject to the satisfaction of customary closing conditions. The joint book-running managers for the proposed offering are Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC. BofA Merrill Lynch and Deutsche Bank Securities Inc. are acting as co-lead managers. Additionally, Stifel Nicolaus Weisel is acting as co-manager. Infinity has granted the underwriters a 30-day option to purchase up to an additional 15% of the amount sold to cover over-allotments, if any. 

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