NU Online News Service, Oct. 26, 11:29 a.m. – Clark/Bardes Inc., Barrington, Ill., an executive compensation and benefits firm, says it may sell up 4.2 million shares of common stock.
The company currently has about 13 million shares of common stock outstanding, according to company figures.
The stock has been trading since June in a price range of $20 to $30 per share, with average trading volume of about 40,000 shares per day. The stock was selling for $21.39 per share at 10:22 a.m. today.
At a price of $20 per share, the proposed offering could raise $84 million.