|
William Lyon, which builds single-family homes in California, Arizona, Nevada and Colorado, is offering approximately 6.5 million shares. About 2.2 million shares are being offered by a selling stockholder. The company won't receive any proceeds from shares sold by the selling stockholder. William Lyon anticipates about $149.9 million in net proceeds, after taking out an underwriting discount and estimated offering expenses. It plans to use the proceeds for growth capital, including the acquisition of land currently under contract or non-binding letters of intent, and for general corporate purposes. William Lyon and selling stockholder are giving the underwriters a 30-day option to buy up to 1.3 million shares. The stock is trading on the New York Stock Exchange under the "WLH" ticker symbol.
Copyright 2013 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor