WALL, N.J.-Centennial Communications Corp. priced a previously announced public offering of 10 million shares of its common stock, including 7 million shares offered directly by Centennial and 3 million shares offered by The Blackstone Group. Centennial said it will use net proceeds of the offering to repay debt and for general corporate purposes.
Centennial’s stock was trading down more than 13 percent early Tuesday at $5.52 per share.
