Brooke Corporation announced the pricing of its follow-on offering of 2.5 million shares of its common stock at a price of $11.50 per share.
Closing is expected to occur on August 15, 2005, subject to customary conditions.
Brooke Corporation is a holding company with three primary subsidiaries. Brooke Franchise Corporation is a subsidiary that distributes insurance and financial services through a network of over 440 locations. Brooke Credit Corporation orginates loans to insurance agencies, financial services practices, funeral homes and other local businesses, including Brooke franchises. Brooke Brokerage Corporation is a holding company that sells hard-to-place and niche insurance on a wholesale basis through locally owned insurance agencies, including Brooke franchises.
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