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Westport Innovations Inc Prices Offering Of Common Shares


Thursday, 26 Sep 2013 08:44am EDT 

Westport Innovations Inc announced the pricing of its offering of common shares in the United States and Canada. Westport will offer 6,000,000 common shares at a price of USD25.39 per share, for gross proceeds of USD152,340,000. Westport has granted the underwriters of the offering an option to purchase an additional 900,000 common shares at the offering price during the period ending 30 days from the date of Westport's final prospectus supplement filed in connection with the offering. If the option is exercised in full, gross proceeds of the offering will be USD175,191,000. Morgan Stanley, Jefferies and Deutsche Bank Securities are the joint bookrunners for the offering. Other underwriters include RBC Capital Markets, Lake Street Capital Markets and Craig-Hallum Capital Group. 

Company Quote

19.13
0.07 +0.37%
4:00pm EDT