Meritage Homes Corporation ( NYSE: MTH ) sold 2.3 million shares at $34.75 per share to raise more than $75 million in a deal which was raised from 2 million shares. Citigroup, J.P. Morgan and Deutsche Bank Securities were the joint book-running managers and BofA Merrill Lynch was co-manager; the syndicate was given a 345,000 share overallotment option. Use of proceeds: "The Company plans to use the proceeds received from the offering for working capital and other general corporate purposes." Shares closed at $35.38 and this is down only 0.5% at $35.21 against a 52-week range of $13.68 to $35.45.