ANA's board of directors decided yesterday to sell 230.5 million shares of common stock, with an overallotment option of 19.5 million additional shares. The shares constitute about 14% of ANA's outstanding stock and are worth approximately ¥109.6 billion ($929.7 million), according to news reports. The subscription period is scheduled for March 6-8.

Subscribe to Access this Entire Article

"ANA announces stock issue" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.