Marshall & Ilsley Prices $480M Share Offering

Marshall & Ilsley Corporation (NYSE: MI - News; M&I) announced today the pricing of its public offering of 87,000,000 shares of its common stock at $5.75 per share. The proceeds to M&I after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $480 million. M&I has granted the underwriters an option to purchase up to an additional 13,000,000 shares of its common stock. The offering is expected to close on June 17, 2009. Morgan Stanley & Co. Incorporated and Barclays Capital Inc. are acting as joint book-runners for the offering.