First Niagara Financial Group, Inc. (FNFG) Announces 33.3M Public Shares
First Niagara Financial Group, Inc. (Nasdaq: FNFG) announced the sale of 33.34M shares of common stock at a price of $12.00 per share for gross proceeds of approximately $400.1M, expects to close the transaction on or about September 30, 2009.
First Niagara has approximately $13.2B in assets and provides financial services to individuals, families and businesses through 170 branches and five Regional Market Centers across Upstate New York and Western Pennsylvania. The net proceeds of this offering will be used for general corporate purposes.
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