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Pisani: PNC Prices $2 Billion Secondary Offering

PNC Financial priced a $2 billion secondary offering of 55.6 million shares of common at $54 a share.

They are planning to use the money to redeem the $7.6 billion of preferred shares held by the U.S. Treasury.

The stock had opened at the NYSE at $54.17.

  • 20 Key Financial Stocks — Real-Time Quotes

More on PNC:

  • PNC to Repay TARP by Issuing Stock, Selling Unit

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Other Financials in the News:

Bank of New York Mellon

Citigroup

Goldman Sachs

General Electric*

*General Electric is the parent company of CNBC.

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