Wednesday, March 10, 2010

U.S. Treasury prices Washington Federal warrants

WASHINGTON, March 10 (Reuters) - The U.S. Treasury Department said on Wednesday it has priced a secondary public offering of 1.71 million government warrants to purchase common stock of Washington Federal (WFSL.O) at $9.15 per warrant.

It estimated aggregate net proceeds from the offering at about $15.4 million.

"These proceeds provide an additional return to the American taxpayer from Treasury's investment in the company beyond the dividend payments it received on the related preferred stock," the department said.

(Reporting by Doug Palmer; Editing by James Dalgleish)

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