SunTrust Banks, Inc. (NYSE: STI - News) announced it has priced a $1.4 billion offering of 108 million shares of its common stock at $13.00 per share. The underwriters will have a 30-day option to purchase up to an additional 16.2 million shares of the Company's common stock.
Morgan Stanley, Sandler O'Neill + Partners, L.P., SunTrust Robinson Humphrey, Inc. and Goldman, Sachs & Co. are serving as joint bookrunning managers for the offering.
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