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Stock Market & Financial Investment News

News Breaks
February 11, 2014
08:03 EDTNNBRNN increases dividend to 7c from 6c
NN announced its Board of Directors declared a quarterly cash dividend of 7c per common share. The dividend will be paid on March 14 to shareholders of record as of the close of business on February 28. Company commented, "We are pleased to announce the increase in our dividend from 6c per common share to 7c per common share. This action, in combination with our recent announcement of the acquisition of the assets of V-S Industries, illustrates key elements of our new strategic plan."
News For NNBR From The Last 14 Days
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June 25, 2015
19:07 EDTNNBRNN, Inc. 6.6M share Secondary priced at $24.00
The size of the deal was raised to 6.6M shares from 6M shares. KeyBanc acted as lead book running manager for the offering.
June 22, 2015
16:04 EDTNNBRNN, Inc. announce public offering of 6M shares of common stock
NN intends to use the net proceeds from the offering to repay debt under its term loan and asset-backed revolving credit facility, and the remainder of the net proceeds will be used for other general corporate purposes, including to fund acquisitions and investments, to finance capital expenditures, to repay or refinance other borrowings and to provide working capital. KeyBanc Capital Markets Inc. is acting as sole book-running manager for the offering and William Blair & Company, L.L.C., Stephens Inc., Stifel, Nicholaus, & Company, Incorporated, Avondale Partners, LLC, CJS Securities, Inc. and Regions Securities LLC are acting as co-managers.

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