The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock List
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Aug. 2, 10:19 AM

Slide #11. Citizens Financial Group, Inc. Secondary Offering

Company: Citizens Financial Group, Inc. (NYSE:CFG)
Date announced: 7/28/2015
Shares Offered: 86,000,000
Date of Pricing: 7/28/2015
Price Per Share: $26.00
Secondary Offering Details: Citizens Financial Group, Inc. (NYSE:CFG) today announced that The Royal Bank of Scotland Group plc ("RBS"), through a subsidiary, has launched an underwritten public offering to sell Citizens Financial Group, Inc. common stock (the "Offering"). CFG will not be issuing or selling common stock, and will not receive any proceeds from the Offering. RBS plans to sell 75 million CFG shares in the Offering. In addition, RBS will grant the underwriters an overallotment option to purchase up to an additional 11.25 million CFG shares. - UPDATED - Citizens Financial Group, Inc. (NYSE:CFG) today announced that The Royal Bank of Scotland Group plc ("RBS"), through a subsidiary, has agreed to sell 86 million shares, or 16%, of CFG's issued and outstanding common stock at a price to the public of $26.00 per share (the "Offering"). CFG will not be issuing or selling common stock and will not receive any proceeds from the Offering which is expected to close on August 3, 2015.

Citizens Financial Group delivers a comprehensive range of retail and commercial banking products and services to approximately five million individuals, institutions and companies. Co. strives to meet the financial needs of customers and prospects through approximately 1,230 branches operated in an 11-state footprint across the New England, Mid-Atlantic and Midwest regions. Co. has 90 retail and commercial non-branch offices located both in its geographic footprint and in nine states and the District of Columbia outside its branch footprint. As of Dec 31 2013, Co. had total assets of $130,279 million and total deposits of $91,656 million.
Open the CFG Page at The Online Investor »

Company Name:  Citizens Financial Group Inc (New)
Stock buyback:  CFG buyback
Website:  www.citizensbank.com
Sector:  Banking & Savings
Number of ETFs Holding CFG:  38
Total Market Value Held by ETFs:  $189.75M
Total Market Capitalization:  $13.96B
% of Market Cap. Held by ETFs:  1.36%
 

Open the CFG Page at The Online Investor (in a new window) »

August 2, 2015    10:19 AM Eastern
Quotes delayed 20 minutes



Buy (2.68 out of 4)
31st percentile
(ranked lower than approx. 69% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2015, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.