Reported Earlier, Sotera Health Prices Secondary Offering Of 25M Common Shares At $14.75/Share
Portfolio Pulse from Benzinga Newsdesk
Sotera Health has announced a secondary offering of 25 million common shares at $14.75 each. The shares are offered by affiliates of Warburg Pincus LLC and GTCR LLC, along with two management members and one board member. Sotera Health will not receive proceeds from the offering but will cover certain expenses.
February 29, 2024 | 9:11 am
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Sotera Health announces a secondary offering of 25M shares at $14.75 each, offered by affiliates of Warburg Pincus LLC and GTCR LLC, and insiders. The company will not benefit financially from the offering.
Secondary offerings often lead to dilution of existing shares or may reflect insider views on the stock's value, potentially leading to negative investor sentiment. Although the company isn't issuing new shares or receiving proceeds, covering expenses could impact its financials slightly. The involvement of insiders and affiliates in the offering could also influence investor perception.
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