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Radian Sells $258.5 Million of Shares to Fund Clayton Deal

Radian Group Inc., the largest U.S. mortgage insurer, raised $258.5 million by selling shares below yesterdays closing price to help pay for the acquisition of Clayton Holdings.

By Zachary Tracer | Updated on May 09, 2014

(Bloomberg) — Radian Group Inc., the largest U.S. mortgage insurer, raised $258.5 million by selling shares below yesterday’s closing price to help pay for the acquisition of Clayton Holdings.

Radian sold 17.8 million shares for $14.50 apiece, the Philadelphia-based company said. The stock gained 5.6% to $14.83 in New York trading before yesterday’s announcement.

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