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National Penn Bancshares in Allentown, Pa., has agreed to repurchase $75 million of its common stock held by Warburg Pincus.
February 5 -
National Penn Bancshares (NPBC) in Boyertown, Pa., has bought back about $75.4 million of shares from the private-equity firm Warburg Pincus.
January 28 -
Thomas H. Lee Partners and Warburg Pincus are selling the rest of their stock in Umpqua Holdings in Portland, Ore.
November 4
Warburg Pincus is set to sell its remaining shares of National Penn Bancshares in Allentown, Pa.
National Penn filed a prospectus that allows Warburg to sell about 11.6 million shares of common stock. The offering, which equals about 8.3% of the $9.8 billion-asset National Penn's outstanding stock, is expected to close on Friday. National Penn will not receive any proceeds from the secondary offering.
Warburg has sold stock back to National Penn two prior occasions.
Warburg