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Harman International Industries Prices Common Stock Offering at $18.75 Per Share for Gross Proceeds of $200 Million

Posted by Dana in June 21st 2009

Harman International Industries, Incorporated (NYSE: HAR) announced that the public offering of 10,667,000 shares of its common stock has priced at $18.75 per share for gross proceeds of $200 million. The offering includes a 30-day option for the underwriters to purchase up to 1,600,050 additional shares to cover overallotments, if any. Harman International is conducting the offering pursuant to an effective registration statement under the Securities Act of 1933. The offering is expected to be completed on June 23, 2009, subject to customary closing conditions.