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Current DateTime: 05:32:54 24 Nov 2009
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Current DateTime: 05:32:53 24 Nov 2009
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Current DateTime: 05:32:54 24 Nov 2009
LinksList Documentid: 30456179
You Think Today Saw A Lot Of Secondaries, There's More Coming...
Published: Tuesday, 12 May 2009 | 5:09 PM ET
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By: Bob Pisani
Reporter

After the close, Cliff Natural Resources  [CLF  Loading...      ()   ] announced a 12 million share secondary...we are expecting BB&T to price a roughly $1.5 billion secondary tonight or tomorrow; sources tell me additional pricings from Duff & Phelps, SCBT Financial are also coming, and...

What about the Ford secondary? All day long, no info...300 million share secondary, but at what price? They were hopeful of raising $1.8 billion, but the stock closed at $5.01!

Assuming they price a little below that, say $4.75, with 300 million shares....That's $1.42 billion. That's a little shy of expectations, unless they increasing the offering size.

ALL ABOUT SECONDARIES
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More from the green shoots club:

1) CEO Paul Otellini at the Intel analyst   [INTC  Loading...      ()   ] "Looking at order patterns, billings patterns, it's a little better than expected."

2) Alan Greenspan, speaking to the Realtors, said the economy was running well in recent weeks and he saw early signs of bottoming in housing. 

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