Cardtronics To Sell 7 Million Shares At $12 Per Share

Published March 31, 2010, 3:01 p.m. EDT

Updated March 31, 2010, 2:01 p.m. EDT

1 Min Read

Cardtronics Inc. plans to sell 7 million shares of common stock for $12 per share, the ATM independent sales organization announced March 31.

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The share total is 1 million more than the Houston-based company had announced earlier this month. On March 22, Cardtronics announced plans to sell 6 million shares of common stock, but executives did not disclose the price per share. (see story)

Company officials did not explain why Cardtronics increased the number of shares it is selling. Cardtronics shares on the Nasdaq exchange were selling for $12.79 in early trading today.

Cardtronics, which as of Dec. 31 owned or operated 33,400 ATMs in the United States, United Kingdom, Mexico and Puerto Rico, is the nation’s second-largest ATM ISO.

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