Aramark Announces Pricing Of Secondary Offering Of 21,262,245 Shares Of Its Common Stock At $39.75/Share
Portfolio Pulse from Benzinga Newsdesk
Aramark has announced the pricing of its secondary offering of 21,262,245 shares of its common stock at $39.75 per share.
August 10, 2023 | 6:30 am
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NEGATIVE IMPACT
Aramark's secondary offering of over 21 million shares could potentially dilute existing shareholders' equity.
Secondary offerings often lead to dilution of existing shareholders' equity, which can put downward pressure on the stock price. However, the impact will depend on the market's reaction to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100