Media General announces secondary public offering
Media General announced 4/28 that certain of its stockholders intend to offer for sale 9,000,000 shares of the company’s voting common stock in a registered underwritten secondary public offering. The selling stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of voting common stock from the selling stockholders. The Company will not receive any of the proceeds of this offering.
Wells Fargo Securities is acting as the lead book-running manager and representative of the underwriters for the offering. RBC Capital Markets and UBS Investment Bank are acting as book-running managers for the offering. Wedbush Securities, The Benchmark Company and SunTrust Robinson Humphrey are acting as co-managers for the offering.
An automatic shelf registration statement relating to these securities was filed on January 29, 2014 with the SEC and became effective upon such filing.