Meta raising money for acquisition
Meta Financial Group Inc. has agreed to sell 535,000 shares of common stock for $23 million to finance a future acquisition, the company, parent of MetaBank, said today in a release. Meta entered separate purchase agreements with with several institutional investors at the price per share of the Meta stock at the close of markets between June 25 and Monday, June 29. Meta Financial is based in Sioux Falls, S.D., and has bank branches in Des Moines, Urbandale and West Des Moines.
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