SouthState Raises $2 Billion for Acquisition with Share Offering
SouthState Corporation issues 24.9M shares at $80.85 to fund a major acquisition, boosting its stock price by 17% since the deal announcement.
SouthState issued 24.9 million shares at $80.85 each to fund the acquisition. SouthState's stock price was $97.13, up 17% since the deal was announced.