Marshall & Ilsley Corporation Announces Closing of Common Stock Offering
October 27 2009 - 10:31AM
PR Newswire (US)
MILWAUKEE, Oct. 27 /PRNewswire-FirstCall/ -- Marshall & Ilsley
Corporation (NYSE:MI) (M&I) announced today the closing of its
public offering of 156.4 million shares of its common stock at
$5.75 per share. The 156.4 million shares include 20.4 million
shares issued pursuant to the option granted to the underwriters by
M&I, which was exercised in full. The proceeds to M&I,
after deducting underwriting discounts, commissions and offering
expenses, were approximately $863 million. Morgan Stanley and BofA
Merrill Lynch acted as joint book-runners for the offering.
Marshall & Ilsley Corporation (NYSE:MI) is a diversified
financial services corporation headquartered in Milwaukee, Wis.,
with $58.5 billion in assets. Founded in 1847, M&I Marshall
& Ilsley Bank is the largest Wisconsin-based bank, with 193
offices throughout the state. In addition, M&I has 53 locations
throughout Arizona; 32 offices in Indianapolis and nearby
communities; 36 offices along Florida's west coast and in central
Florida; 16 offices in Kansas City and nearby communities; 26
offices in metropolitan Minneapolis/St. Paul, and one in Duluth,
Minn.; and one office in Las Vegas, Nev. M&I's Southwest Bank
subsidiary has 17 offices in the greater St. Louis area. M&I
also provides trust and investment management, equipment leasing,
mortgage banking, asset-based lending, financial planning,
investments, and insurance services from offices throughout the
country and on the Internet. M&I's customer-based approach,
internal growth, and strategic acquisitions have made M&I a
nationally recognized leader in the financial services industry.
DATASOURCE: Marshall & Ilsley Corporation CONTACT: Greg Smith,
senior vice president, chief financial officer of Marshall &
Ilsley Corporation, +1-414-765-7727 Web Site:
http://www.micorp.com/
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