Friday, September 17, 2010
Treasury Announces Lincoln National Warrant Pricing
The U.S. Department of the Treasury announced today that it priced a secondary public offering of 13,049,451 warrants to purchase common stock of Lincoln National Corporation , Philadelphia, at $16.60 per warrant. The aggregate net proceeds to Treasury from the offering are expected to be $213,671,319. These proceeds provide an additional return to the American taxpayer from Treasury's investment in the Company beyond the dividend payments it received on the related preferred stock. The closing is expected to occur on or about Sept. 22.