Molycorp to sell $345 million in stock and notes
Molycorp Inc. on Wednesday announced it would sell as much as $345 million in stock and in notes to help finance both general company operations and development of its mine in Mountain Pass, Calif. The stock component would start at a base of $200 million, with an option to go as high as $230 million if the trio of Wall Street underwriters find enough demand among investors.
Media company Thomson Reuters Corp. on Tuesday said it will offer $1.75 billion in notes, in an offering expected to close Friday.