News Update: Comerica (NYSE:CMA) Slips on $800 Million Public Offering

3/9/2010-Shares of Comerica (NYSE:CMA) are trading 3% lower to $35.21 premarket Tuesday after the Dallas-based bank said it started a public offering of about $800 million of its common stock.

Comerica also said it will notify the U.S. Treasury Department of its intention to redeem all 2.25 million shares of its Series F, Fixed Rate Cumulative Perpetual Preferred Stock, which were issued to the Treasury under its Capital Purchase Program.

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