U.S. Treasury prices Central Pacific offering

SAN FRANCISCO (MarketWatch) -- The U.S. Treasury Department said Thursday that it has priced a secondary public offering of stock in Central Pacific Financial Corp. at $12.75. The Treasury Department, which acquired its stake in Central Pacific as part of a recapitalization under the Troubled Asset Relief Program, said it will continue to hold over 2.7 million shares following the offering ...

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Source: Market Watch

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