Chemical Financial Prices Public Offering Of 1.92 Mln Shares At $26.00/shr

(RTTNews) - Chemical Financial Corp. (CHFC) announced the pricing of an underwritten public offering of 1.925 million shares of its common stock at a price of $26.00 per share to the public.

The company has granted the underwriters a 30-day option to purchase up to an additional 288,750 shares of common stock sold to cover over-allotments. The public offering is expected to close on September 18, 2013.

The company intends to use the net proceeds from this offering for general corporate purposes, which may include funding loan growth and long-term strategic opportunities that may arise in the future.