Conseco Raises Number Of Shares
In Proposed Offering
Conseco Inc., Carmel, Ind., has filed an amendment to a Jan. 29, 2004, registration statement with the Securities and Exchange Commission that increases the size of proposed securities offerings to $1.15 billion or 44 million shares of common stock and $575 million or 20 million shares of mandatorily convertible preferred stock. The amounts are exclusive of the underwriters overallotment option of 6.6 million shares.
The company says these shares are in addition to 100.1 million shares of common stock currently outstanding. Total shares after the new issuance and including the overallotment would be 150.7 million. The 100.1 million shares, according to the filing, do not include 59.6 million in shares tied to stock options and existing preferred shares.