WASHINGTON (dpa-AFX) - Zions Bancorporation (ZION) said Monday that it has priced its public offering of $525 million of its common stock at $29.80 per share.
Net of commissions and fees, the proceeds to the Company are expected to be about $514.0 million.
The company has granted the underwriters a 30-day option to purchase up to an additional 15% of the amount of common stock offered.
Zions plans to use the net proceeds of the offering for general corporate purposes.
Zions expects to close the sale of shares of common stock on July 31.
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