Stifel Financial Corp. said Wednesday that underwriters of its recently announced offering of shares by Stifel shareholders have exercised their right to purchase an additional 285,000 shares of stock from BankAtlantic Corp., one of the selling shareholders.
The 2.185 million shares in the offering are being sold at $40 a share. Bank Atlantic is selling 1.885 million shares, and The Western and Southern Life Insurance Co. is selling 300,000 shares. Stifel will receive nothing in the offering.
The offering is expected to close on Monday, March 24.
