BRP And Bain Capital Integral Investors II Entered Into Agreement With RBC Capital Markets To Complete A Secondary Offering On A Bought Deal Basis; Agreed To Purchase 2M Subordinate Voting Shares At C$91.00/Subordinate Voting Share
Portfolio Pulse from Benzinga Newsdesk
BRP Inc. and Bain Capital Integral Investors II have agreed with RBC Capital Markets to conduct a secondary offering on a bought deal basis, involving the sale of 2 million subordinate voting shares at a price of C$91.00 per share.
January 22, 2024 | 9:29 pm
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BRP Inc. (DOOO) is entering a secondary offering of 2 million subordinate voting shares at C$91.00 each, which may dilute existing shareholders' equity.
Secondary offerings often lead to dilution of existing shares, which can negatively impact the stock price in the short term. The specific details of the offering, such as the price per share and the number of shares being offered, suggest a significant transaction that could influence the market's perception of BRP Inc.'s stock value.
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