M/I Homes Issues Public Offering Of 4M Shares

Stock quotes in this article: MHO  

COLUMBUS, Ohio (AP) — Homebuilder M/I Homes Inc. announced Monday a proposed public offering of 4 million shares of common stock.

The company will grant the underwriters an option to purchase an additional 600,000 shares to cover over-allotments. Proceeds will be used for general corporate purposes, the company said.

Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. will serve as joint-book running managers.

Shares of M/I Homes rose $1.33 to $15.07 during the regular session.

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