Brooke Corporation of Overland Park, Kansas, announced that it has issued 375,000 shares of its common stock to complete the exercise in full of the over-allotment option granted to the underwriters as part of the company’s recent follow-on offering. Sandler O’Neill & Partners, L.P., the lead underwriter and sole book-running manager for the offering, and co-managers Fox-Pitt, Kelton Inc. and Oppenheimer & Co. Inc. exercised the option to purchase the stock on Aug. 22 and the transaction closed today.
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 more than 450 franchise locations as of July 31, 2005. Brooke Credit Corporation is a subsidiary that originates loans to insurance agencies, financial services practices, funeral homes and other local businesses, including Brooke franchises. Brooke Brokerage Corporation is a subsidiary holding company that sells hard-to-place and niche insurance on a wholesale basis through locally owned insurance agencies, including Brooke franchises.
Was this article valuable?
Here are more articles you may enjoy.
Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud 
Progressive Set to ‘Maximize’ Growth, Building on Q1 
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech 
Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes 
