Life may be tough in investment banking these days. But the good folks of Greehill & Co. are doing just fine, thank you. Employees just sold off 3,000,000 shares of their stock at $76 per share, for proceeds of roughly $228 million. The fact that the bank could find buyers for this paper is clearly a good sign for Greenhill, and a reminder that pockets of strength remain on the pockmarked plains of Wall Street.
Pricing of the stock was announced today at $76, roughly a $4 decrease from the previous day's close, $80.09.
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