Casella Waste Systems Prices Public Offering Of 4.5M Class A Common Stock Shares At $100 Per Share For $450M In Gross Proceeds, With Option For Additional 675K Shares
Portfolio Pulse from Benzinga Newsdesk
Casella Waste Systems has announced a public offering of 4.5 million Class A common stock shares at $100 per share, aiming to raise $450 million in gross proceeds. The company also has an option to offer an additional 675,000 shares.
September 18, 2024 | 12:08 pm
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Casella Waste Systems is conducting a public offering of 4.5 million Class A common stock shares at $100 per share, potentially raising $450 million. This move could lead to short-term stock price fluctuations due to increased supply.
The public offering increases the supply of shares, which can lead to a decrease in stock price in the short term as the market absorbs the new shares. The offering price of $100 per share sets a benchmark that may influence market perception.
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