Key Developments For Standard Parking Corporation
Standard Parking Corporation (STAN.O) (Nasdaq)
Standard Parking Corporation Announces Closing of Common Stock Offering By Selling Stockholders
Standard Parking Corporation announced the closing of the previously disclosed secondary offering of 6,592,906 shares of its common stock at $16.00 per share by GSO Special Situations Fund LP, GSO Special Situations Overseas Master Fund Ltd., GSO Special Situations Overseas Benefit Plan Fund Ltd., GSO Capital Opportunities Fund LP and CML VII, LLC. Credit Suisse Securities (USA) LLC and William Blair & Company, L.L.C. acted as joint book-running managers and underwriters for the offering. The underwriters have a 30-day option to purchase up to an additional 988,936 shares from the selling stockholders to cover over-allotments. Standard Parking did not receive any proceeds from the offering and will not receive any proceeds from the sale of shares pursuant to any exercise of the underwriters' over-allotment option.
Standard Parking Corporation Announces Secondary Common Stock Offering By Selling Stockholders
Standard Parking Corporation announced the underwritten public offering of 5,800,000 shares of its common stock by GSO Special Situations Fund LP, GSO Special Situations Overseas Master Fund Ltd., GSO Special Situations Overseas Benefit Plan Fund Ltd., GSO Capital Opportunities Fund LP and CML VII, LLC. The underwriters have a 30 day option to purchase up to an additional 870,000 shares from the selling stockholders to cover over-allotments. The Company will not receive any proceeds from this offering. The total number of shares of common stock outstanding will not change as a result of this offering. Credit Suisse Securities (USA) LLC and William Blair & Company, L.L.C. are serving as joint book-running managers and underwriters for this offering.
Standard Parking Corporation Sees FY 2009 EPS At Low End Of Prior Guidance
Standard Parking Corporation announced that for fiscal 2009, it expects earnings per share (EPS) to be at the low end of its prior guidance range of $1.05-$1.11 per share.
Robert S. Roath Elected Chairman Of Standard Parking Corporation
Standard Parking Corporation announced that Robert S. Roath has been elected to serve as Non-Executive Chairman of its Board of Directors, effective immediately. In that capacity, Mr. Roath replaces John V. Holten, who remains a member of the Company's Board.
Standard Parking Corporation Reaffirms FY 2009 EPS Guidance
Standard Parking Corporation reaffirmed its fiscal 2009 earnings per share (EPS) guidance to be in the range of $1.05-$1.11.
