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Great Western Bancorp closes secondary common stock offering.

Global Banking News-August 4, 2015--Great Western Bancorp closes secondary common stock offering

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Global Banking News - 04 August 2015

(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Great Western Bancorp Inc. (NYSE:GWB) has announced the closing of the underwritten public offering of 12,563,269 shares of common stock and the full exercise of the underwriters' option to purchase an additional 1,256,327 shares.

The shares were offered at a public offering price of USD23.50 per share. GWB also announced that it completed its repurchase from National Australia Bank (NAB) (NYSE: ANZ) (ANZ.AX) (OTC: ANZBY) of 2,666,518 shares of GWB common stock at a per share price equal to approximately USD22.50.

GWB did not sell any shares in connection with the offering and did not receive any proceeds from the sale of shares by NAB. NAB has completely divested its shares and no longer holds any ownership stake in GWB common stock.

BofA Merrill Lynch (NYSE: BAC), Deutsche Bank Securities (NYSE: DB) (DBK.DE) and J.P. Morgan (NYSE: JPM) acted as joint book-running managers and underwriters of the offering.

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Publication:Global Banking News (GBN)
Date:Aug 4, 2015
Words:217
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