Hartford Financial increases stock offering
Sunday, Aug 09,2009, 12:32:39 AM Click:
The company said it saw strong demand from a broad range of investors to the offering announced in June, enabling it to increase the offering by $150 million to $900 million.
The company sold 56.1 million shares.
Hartford said it will use the proceeds for general corporate purposes, including the possible repurchase of outstanding debt.
Shares of Hartford rose $1.47 to $17.97 in afternoon trading.
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