Central Pacific delays $100M stock offering - Business News

Full story: Honolulu Star-Bulletin

Central Pacific Financial Corp. has postponed its secondary stock offering to raise $100 million because it did not have enough authorized shares to generate that amount due to its low stock price.

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Patricia

Honolulu, HI

I can't believe they did not even consider a drop in their stock price. That should have been a fundamental factor in their planning! How embarrassing!

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