ARTICLE | Financial News

Human Genome proposes follow-on

December 1, 2009 12:59 AM UTC

Human Genome Sciences Inc. (NASDAQ:HGSI) proposed late Monday to sell 12.5 million shares in a follow-on underwritten by Goldman Sachs and Citigroup. If sold at Human Genome's Monday close of $27.82, the company would raise $347.8 million. Human Genome was up $0.71 on the day. In July, the company raised $373.8 million in a follow-on. ...