24/7 Wall St.
05-22-2009, 08:40 AM
24/7 Wall St. Daily News
Suntech Power Holdings Co. Ltd. (NYSE:STP) has priced its follow-on offering of 20 million ADSs at $12.50/ADS. The underwriters have an over-allotment option on an additional 3 million ADSs.The company plans to spend the money, $250 million less costs, however it likes. Suntech noted that it “intends” to use the money for capital expenditures, working [...]
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Suntech Power Holdings Co. Ltd. (NYSE:STP) has priced its follow-on offering of 20 million ADSs at $12.50/ADS. The underwriters have an over-allotment option on an additional 3 million ADSs.The company plans to spend the money, $250 million less costs, however it likes. Suntech noted that it “intends” to use the money for capital expenditures, working [...]
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