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Ahead Of The Bell: FNB Moves To Raise Capital

Stock quotes in this article: FNB  

NEW YORK (AP) — Shares of F.N.B. Corp. slipped in premarket trading Tuesday after the banking company announced plans to sell $115 million of its common stock.

Stock offerings dilute current shareholders' stakes, and shares of companies offering stock tend to sell off initially after announcing such a move.

Shares shed 44 cents, or 6.3 percent, to $6.55 ahead of the market's open. ...

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