Provider: TheStreet.com Ratings
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Universal Insurance Holdings, Inc. Announces Pricing Of Public Offering By Selling Stockholder
Universal Insurance Holdings, Inc. announced the pricing of the previously announced resale by its President and Chief Executive Officer, Bradley I. Meier of 1,500,000 shares of the Company's common stock previously registered for resale with the U.S. Securities and Exchange Commission (SEC) at a price to the public of $3.30 per share. The offering is expected to close and settle on June 27, 2012, subject to market and other customary conditions. Upon completion of the offering, Mr. Meier will beneficially own 11,338,971 shares of common stock or approximately 28.2% of the Company's outstanding common stock at June 21, 2012. The Company will not receive any proceeds from the sale of the shares, which Mr. Meier acquired in connection with his employment with the Company.
Latest Developments for Universal Insurance Holdings Inc
- Universal Insurance Holdings Inc Declares Cash Dividend Of $0.10 Per Share
- Universal Insurance Holdings Inc Appoints Sean Downes as President and CEO
- Universal Insurance Holdings Inc Declares Cash Dividend Of $0.08 Per Share
- Universal Insurance Holdings Inc Announces Bradley Meier's Resignation as Chairman, President and Chief Executive Officer
Latest Key Developments in Insurance
- Share this
- Digg this