Reported Earlier, Bruker Prices Public Offering Of 6M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Bruker Corporation has announced the pricing of a public offering of 6 million shares of common stock. The company plans to use the proceeds to reduce its debt, particularly to repay part of its outstanding borrowings under a revolving credit agreement.
May 30, 2024 | 6:21 am
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Bruker Corporation has priced a public offering of 6 million shares of common stock. The proceeds will be used to reduce debt, including repaying part of its borrowings under a revolving credit agreement.
The public offering of shares is aimed at reducing Bruker's debt, which is a positive long-term move. However, the immediate impact on the stock price may be neutral as the market digests the dilution effect of the new shares.
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