Blue Bird Says Selling Stockholder, An Affiliate Of American Securities LLC, Intends To Offer 4.04M Shares
Portfolio Pulse from Benzinga Newsdesk
Blue Bird, an affiliate of American Securities LLC, announced its intention to offer 4.04 million shares. The company itself is not selling any shares in this offering and will not receive any proceeds from it.
February 15, 2024 | 9:29 pm
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Blue Bird's affiliate plans to offer 4.04 million shares, but the company will not benefit financially as it is not selling any shares.
Although the offering involves a significant number of shares, Blue Bird itself is not selling shares or receiving proceeds, which might neutralize the impact on its stock price. However, the market's perception of the offering could still influence stock activity in the short term.
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