The Hartford Offerings Raise $1.95 Billion
NU Online News Service, May 20, 4:06 p.m. EDT?The Hartford Financial Services Group said the $1.95 billion it has made from capital offerings is $100 million more than originally expected.
The Hartford, Conn.-based company said it raised some $1.1 billion from 24.2 million shares of common stock priced at $45.50 per share and $600 million from 12 million equity units that are automatically convertible into common stock in three years. Additionally, the company also raised $250 million from three-year debt securities.
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