Andersen Group Closes $216.8 Million Share Offering by Selling Stockholders
MT Newswires Live
Aug 22
Andersen Group (ANDG) said on Friday it closed an underwritten public offering of 4,927,125 shares of Class A common stock by certain selling stockholders.
The offering included the full exercise of underwriters' option to purchase an additional 642,668 shares, at a public offering price of $44.00 per share.
Gross proceeds to the selling stockholders were approximately $216.8 million, before underwriting discounts and expenses, the company said.
Andersen said it did not sell any shares and did not receive any proceeds from the offering.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.