BOSTON ( TheStreet) -- Center Bancorp (CNBC) shares are trading lower Wednesday after the bank holding company priced two separate offerings of common stock at a discount to the previous session's closing price.Center Bancorp said it will sell an aggregate of 1.71 million shares of its common stock for net proceeds of approximately $11.4 million. Center said it is offering 1.43 million shares of common stock at $7 per share, with Stifel Nicolaus Weisel as the underwriter. Concurrently, Center is offering 285,000 sshares of common stock to several company directors at $7.50 per share.
Stock Offerings: Center Bancorp
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.