Brooke Corporation Announces Closing of Over-Allotment Option Exercise in Common Stock Offering
August 25 2005 - 1:17PM
PR Newswire (US)
OVERLAND PARK, Kan., Aug. 25 /PRNewswire-FirstCall/ -- Brooke
Corporation (NASDAQ:BXXX) today announced that it has issued
375,000 shares of its common stock to complete the exercise in full
of the over-allotment option granted to the underwriters as part of
the Company's recent follow-on offering. Sandler O'Neill &
Partners, L.P., the lead underwriter and sole book-running manager
for the offering, and co-managers Fox-Pitt, Kelton Inc. and
Oppenheimer & Co. Inc. exercised the option to purchase the
stock on August 22 and the transaction closed today. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy securities of the Company, nor may there be any
sale of securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. This offering of shares of common stock was made only
by means of a prospectus forming a part of the effective
registration statement relating to the offering. A copy of the
final prospectus relating to the offering may be obtained by
contacting the Syndicate Department of Sandler O'Neill &
Partners, L.P., 919 Third Avenue, 6th Floor, New York, NY 10022, or
by telephone at (212) 466-7800. About our company ... Brooke
Corporation is listed on the Nasdaq National Market under the
symbol of BXXX. Brooke Corporation is a holding company with three
primary subsidiaries. Brooke Franchise Corporation is a subsidiary
that distributes insurance and financial services through a network
of more than 450 franchise locations as of July 31, 2005. Brooke
Credit Corporation is a subsidiary that originates loans to
insurance agencies, financial services practices, funeral homes and
other local businesses, including Brooke franchises. Brooke
Brokerage Corporation is a subsidiary holding company that sells
hard-to-place and niche insurance on a wholesale basis through
locally owned insurance agencies, including Brooke franchises. This
press release may contain forward-looking statements within the
meaning of the federal securities laws relating to the Company's
offer of its common stock. These statements are based upon the
current expectations and beliefs of the Company's management and
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. These risks and uncertainties include
market conditions and other factors beyond the Company's control
and the risk factors and other cautionary statements discussed in
the Company's filings with the Securities and Exchange Commission.
DATASOURCE: Brooke Corporation CONTACT: Anita Larson of Brooke
Corporation, +1-913-661-0123,
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