Fortis Announces Exercise of Over-Allotment Option of 12,000,000 shares in Assurant

 | Source: Ageas Ageas

Fortis today announced that the underwriters of the IPO of Assurant, Inc. have exercised in full their over-allotment option to purchase an additional 12,000,000 shares of common stock. This completes Assurant's initial public offering of common stock whereby a total of 92,000,000 shares are being sold at USD 22 per share, resulting in gross proceeds to Fortis of approximately USD 2 billion.

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