Fifth Third, Huntington Bancshares to sell stock (Dealscape

Joining the latest craze in banking, Fifth Third Bancorp and Huntington Bancshares Inc. said late Wednesday they will sell common stock to boost their cash levels.

Cincinnati-based Fifth Third said in a statement it would issue as much as $750 million in new stock through an at-the-market program, which will allow it to sell the shares from time to time at market prices. This common stock sale will take place hand in hand with an offer to convert preferred stock to common shares and cash.

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NOT A SUBSCRIBER? Fifth Third, Huntington Bancshares to sell stock Posted on May 21, 2009 3:30 PM Joining the latest craze in banking, Fifth Third Bancorp and Huntington Bancshares Inc. said late Wednesday they will sell common stock to boost their cash levels. Cincinnati-based Fifth Third said in a statement it would issue as much as $750 million in new stock through an at-the-market program, which will allow it to sell the shares from time to time at market prices. This common stock sale will take place hand in hand with an offer to convert preferred stock to common shares and cash. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 904 in-depth reports of M&A deals in the Financial Services sector 60 articles related to Huntington Bancshares Inc. 17 in-depth reports of Reorganization plans in the Financial Services sector 14 in-depth transaction records for Fifth Third Bancorp 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Amusement parks Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forget your password? Missing a product?

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