WEST ORANGE, N.J., Dec. 10, 2010 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq:LINC) ("Lincoln" or "the Company") today announced the pricing of the previously announced underwritten public offering of 3,908,000 shares of its common stock by Stonington Partners ("Stonington"), which represents Stonington's entire remaining position in the Company. The price to the public was $15.25 per share. The offering is expected to settle and close on December 15, 2010, subject to customary closing conditions. Lincoln will not receive any proceeds from this sale of its common stock.
Lincoln Educational Services Corporation Announces The Pricing Of Shares Sold By Stonington Partners
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.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.