July 25, 2018 6:56am
BLUE had closed down -$13.60 to $163.65after Monday's -$3.10 to $177.25 and is down another -$0.65 or -0.40% – Maintaining SELL;
The estimated proceeds are approximated at $550 M aith an overalottment of 507,692 shares
Goldman Sachs & Co. LLC, BofA Merrill Lynch, J.P. Morgan Securities LLC and Cowen are acting as joint book-running managers and Wells Fargo Securities is acting as co-manager of the proposed offering.
BLUE has commenced an underwritten public offering of $400 million of its common stock. BLUE also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering.
The offering is subject to the “usual” market and other conditions,