Investment Business Weekly
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The U.S. Department of the Treasury
Treasury Department Announces Public Offering of Warrants to Purchase Common Stock of Webster Financial Corporation
June 19th, 2011
The U.S. Department of the Treasury announced that it has commenced a secondary public offering of 3,282,276 warrants to purchase the common stock of Webster Financial Corporation (the "Company"). The proceeds of this sale will provide an additional return to the American taxpayer from Treasury's investment in the Company beyond the dividend payments it received on the related preferred stock. The offering is expected to price through a modified Dutch auction. Deutsche Bank Securities Inc. is the sole book-running manager for this offering.
Deutsche Bank Securities Inc., in its capacity as auction agent, has specified that the auction will commence at 8 a.m., Eastern Time,...
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Source: Investment Business Weekly (2011-06-19)