Barnett Banks

Barnett Banks Inc. sold $100 million in convertible preferred stock through underwriters led by Dillon, Read & Co. The offering was priced with an 8% dividend, and the shares are convertible into common stock at a price nearly 20% above the level when the issue was priced - higher rates than those indicated when the deal was initially marketed.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.