Company sells 41,781 shares to insiders at $5.56, an 85.16% discount
By Devika Patel
Knoxville, Tenn., Nov. 25 – Eaton Vance Corp. completed a $232,302 private placement of stock with three officers on Nov. 23, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 41,781 common shares at $5.56 per share, an 85.16% discount to the closing share price, $37.46, on Nov. 20.
Boston-based Eaton Vance is an investment management firm.
| Issuer: | Eaton Vance Corp.
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| Issue: | Common stock
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| Amount: | $232,302
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| Shares: | 41,781
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| Price: | $5.56
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| Warrants: | No
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| Settlement date: | Nov. 23
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| Stock symbol: | NYSE: EV
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| Stock price: | $37.46 at close Nov. 20
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| Market capitalization: | $4.21 billion
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