Solera Holdings Plans $90M Secondary Offering

San Diego’s Solera Holdings (NYSE: SLH) plans to issue 4.5 million shares of its common stock in an underwritten public offering at a price of $20 a share. The company, which is a leading provider of software used to process automobile insurance claims, announced the deal Friday and expects it to close by Wednesday, Nov. 19. Solera’s share price rebounded almost 3 percent in early trading today, to $18.98 shortly after noon, after than tumbling more than 22 percent Friday following the announcement

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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