Manufacturing Industry
US Airways Group Inc to offer 8.5m common stock shares in public offering
Airline Industry Information, Sept 28, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
US Airways Group Inc (NYSE: LCC) announced on Tuesday (27 September) the public offering of 8,500,000 shares of common stock at a price of USD19.30 per share.
The company has granted to the underwriters an option to purchase an additional 1,275,000 shares of common stock solely to cover over-allotments.
According to the company the net proceeds of the public offering will be used for general corporate purposes, including the possible redemption or repurchase of other securities of the company, including the possible repurchase of the warrants held by the Air Transportation Stabilization Board.
The offering is expected to close on 30 September 2005.
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