Aramark Announces Secondary Offering Of 21.26M Shares Of Common Stock By Selling Shareholder
Portfolio Pulse from Benzinga Newsdesk
Aramark has announced a secondary offering of 21.26 million shares of common stock by a selling shareholder. The company itself will not receive any proceeds from this offering.
August 09, 2023 | 8:52 pm
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Aramark's secondary offering of 21.26 million shares could potentially dilute the stock's value in the short term.
Secondary offerings often lead to a dilution of share value as the number of shares in circulation increases. This could potentially lead to a short-term decrease in Aramark's stock price.
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