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What's a Realistic Retirement Age?Shares of Huntington Bancshares Inc. (NASDAQ: HBAN) fell Friday afternoon after three days of gains as investors reacted negatively to news that the company planned to sell $400 million worth of common stock. At mid-afternoon Friday, shares of the Columbus, Ohio-based bank were down more than 2% to $4.41 a share.
On Friday, Huntington said it priced the shares at $4.20 a share, selling 95.2 million shares totaling some $400 million in gross proceeds. Deal underwriters have an 30-day option to buy another 14.3 million shares, the company said in a filing with the Securities and Exchange Commission.
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