DEBT AND EQUITIES
Cardiovascular Systems Inc., New Brighton, has closed on its underwritten registered public offering of 3 million common shares, including 391,304 common shares sold when the underwriters exercised their option to purchase additional shares. All of the shares were sold at a price to the public of $30 per share. The net proceeds to the company from this offering are about $84.5 million, after deducting underwriting discounts and commissions and estimated offering expenses. Bank of America Merrill Lynch acted as the sole book-running manager of the offering. Leerink Swann acted as joint lead manager. William Blair, JMP Securities, Dougherty & Co., Feltl & Co. and Wunderlich Securities acted as co-managers.
Hormel Foods Corp., Austin, Minn., declared a common stock dividend of 20 cents per share, an increase from 17 cents, payable Feb. 14, 2014, to stockholders of record on Jan. 22.
