Key Developments For Univest Corporation of Pennsylvania
Univest Corporation of Pennsylvania (UVSP.O) (Nasdaq)
Univest Corporation of Pennsylvania Declares Fourth Quarter Dividend
Univest Corporation of Pennsylvania announced that it has declared a $0.20 per share quarterly cash dividend to be paid on January 2, 2010 to shareholders of record as of December 10, 2009.
Univest Corporation of Pennsylvania Declares Third Quarter Dividend
Univest Corporation of Pennsylvania announced that it has declared $0.20 per share quarterly cash dividend to be paid on October 1, 2009 to shareholders of record as of September 10, 2009.
Univest Corporation of Pennsylvania Completes Common Stock Offering
Univest Corporation of Pennsylvania announced that it has completed its public offering of 3,392,500 shares of common stock at a price of $17.50 per share, including 442,500 shares of common stock purchased by the underwriters pursuant to their over-allotment option, which was exercised in full. The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $55.5 million.
Univest Corporation of Pennsylvania Announces Pricing of Common Stock Offering
Univest Corporation of Pennsylvania announced the pricing of an underwritten public offering of 2,950,000 shares of its common stock at a price to the public of $17.50 per share for total gross proceeds of approximately $51.6 million. Keefe, Bruyette & Woods is acting as the sole book-running managing underwriter of the offering. Univest Corporation has granted the underwriters a 30-day option to purchase up to an additional 15% of the shares sold to cover over-allotments, if any. Univest Corporation intends to use the net proceeds from the offering for general corporate purposes, including supporting the capital needs of its subsidiary bank, the financing of its operations, the repayment of short-term indebtedness, potential business acquisitions and other capital expenditures. Univest Corporation expects to close the sale of common stock on August 12, 2009.
Univest Corporation of Pennsylvania Announces Commencement Of $50 Million Common Stock Offering
Univest Corporation of Pennsylvania announced the commencement of a $50 million public offering of its common stock, to be underwritten through Keefe, Bruyette & Woods as the sole book-running manager. Univest Corporation intends to grant the underwriters a 30 day option to purchase up to an additional 15% of the shares sold to cover over-allotments, if any. The Company intends to use the net proceeds from the offering for general corporate purposes, including supporting the capital needs of its subsidiary bank, the financing of its operations, the repayment of short-term indebtedness, potential business acquisitions and other capital expenditures.
