New York (February 27th, 2013) - Radian Group Inc. (NYSE:RDN) announced that it has commenced two separate underwritten public offerings of up to 30 million shares of its common stock and $200 million aggregate principal amount of its convertible senior notes due 2019. The convertible senior notes will be convertible into shares of the Company’s common stock, cash or a combination of shares of common stock and cash, at the Company’s election.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. will act as joint book-running managers for the Offerings.
The Company intends to use the net proceeds from the Offerings to fund working capital requirements and for general corporate purposes, including additional capital support for our mortgage insurance business.
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Celldex Therapeutics, Inc. (NASDAQ:CLDX) deep product pipeline consists of products in varying stages of development, with lead candidates CDX-110 preparing to enter a Phase 3 clinical trial in newly diagnosed glioblastoma multiforme, one of the most aggressive forms of brain cancer, and CDX-011 currently undergoing evaluation in a Phase 2b clinical trial in advanced breast cancer.
Celldex Therapeutics, Inc., a biopharmaceutical company, focuses on the development, manufacture, and commercialization of novel therapeutics for human health care primarily in the United States. The company markets Rotarix to treat rotavirus infection. Celldex Therapeutics, Inc. was founded in 1983 and is headquartered in Needham, Massachusetts.
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