Markets
U.S. open in 16 hrs, 46 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Sangamo closes stock sale, raising $20.9M
AP
RICHMOND, Calif. -Sangamo BioSciences Inc. said Tuesday it raised $20.9 million by selling 3 million shares of stock at $7.20 per share.
Sangamo said it will use the money to fund research and development of its zinc finger protein drug candidates and for other general corporate purposes. The underwriters of its offer will have the option to buy another 450,000 shares over the next 30 days to cover over allotments.
The $20.9 million total includes underwriting discounts and other expenses related to the offering. The company announced the stock sale on Oct. 7.
In afternoon trading, Sangamo shares picked up 6 cents to $7.15.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-10-13 12:55:46
COMMENTS ( 0 )