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BRIEF-PrivateBancorp prices common stock offering

Oct 10 (Reuters) - PrivateBancorp Inc :

* Announces pricing of common stock offering

* Says public offering priced at $15.75 per share

* Says expects to redeem all $243.8 million of preferred stock it issued to the

US treasury under TARP * Source text * Further company coverage ((Bangalore Newsroom; +1 646 223 8780))