W. R. Berkley Corporation announced it intends to file a preliminary prospectus supplement with respect to a public offering of 4,100,000 shares of its common stock.
Proceeds of the offering will be used to provide additional capital for its insurance subsidiaries and for general corporate purposes. The company also intends to grant the underwriters an option to purchase up to 615,000 additional shares to cover over-allotments.
Merrill Lynch & Co. will be the sole bookrunner on the transaction with Morgan Stanley as a joint lead manager and Salomon Smith Barney as a co-manager.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has become effective.
Was this article valuable?
Here are more articles you may enjoy.
‘Buffett Got it Wrong’ on California Fire Risk: PG&E CEO 
Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court 
London Firms Are Letting More Staff Work Entirely From Home 
Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance 
