WPRT Westport Innovations- Just picked up a few thousand share this AM
Looks like its bottoming- If not the Risk is only a few dollars
The stock is selling for approx 30.50 a share- They just had a stock offering in Feb for $43.25- I think it has bottomed. $$$$$$$
VANCOUVER, Feb. 27, 2012 /PRNewswire/ - Westport Innovations Inc. (TSX: WPT.TO - News) (NASDAQ: WPRT - News) announced today the closing of its previously announced offering of common shares in the United States and Canada, including the exercise in full of the underwriters' option to purchase an additional 825,000 common shares at the offering price of US$43.25 per share. With the exercise of the option, Westport issued a total of 6,325,000 common shares under the offering for gross proceeds of US$273,556,250.
Morgan Stanley & Co. LLC and Jefferies & Company, Inc. were the joint bookrunners for the offering. Other underwriters included Lazard Capital Markets LLC, Craig-Hallum Capital Group LLC, JMP Securities LLC, Canaccord Genuity Inc. and Northland Capital Markets in the United States, as well as Morgan Stanley Canada Limited in Canada. Rothschild Inc. acted as financial advisor to Westport in connection with the offering. The common shares issued under the offering have been listed on The NASDAQ Global Market and the Toronto Stock Exchange.
Kirby |
