Sotera Health Reports Launch Of Secondary Offering Of 25M Shares By Certain Affiliates Of Warburg Pincus And GTCR
Portfolio Pulse from Benzinga Newsdesk
Sotera Health announced a secondary offering of 25 million shares by affiliates of Warburg Pincus and GTCR. This offering will result in these sponsors no longer holding a majority of Sotera's common stock, impacting sponsor rights.
September 04, 2024 | 8:44 pm
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Sotera Health's secondary offering of 25 million shares by Warburg Pincus and GTCR affiliates will result in these sponsors losing their majority stake, impacting sponsor rights.
The secondary offering will dilute the ownership of Warburg Pincus and GTCR, leading to a loss of majority control. This change can affect the company's governance and strategic decisions, potentially leading to short-term stock price volatility.
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