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Limoneira Co Announces Pricing Of Public Offering Of Common Stock-DJ

Wednesday, 13 Feb 2013 10:10pm EST 

Dow Jones reported that Limoneira Co announced that it has priced a public offering of 1,800,000 shares of its common stock at a public offering price of $18.50 per share, for total gross proceeds of approximately $33.3 million. The public offering is expected to close on February 20, 2013, subject to customary closing conditions. Janney Montgomery Scott LLC is acting as the lead book running manager for this offering. Roth Capital Partners, LLC is acting as co-lead manager of this offering. Feltl and Company Inc. is acting as co-manager of this offering. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 270,000 shares of common stock to cover over-allotments, if any. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include repayment of debt, real estate development and agricultural acquisitions. 

Company Quote

0.02 +0.08%
24 Oct 2014