Reported Earlier, VSE Prices $142.5M Public Offering Of 1,724,137 Common Shares At $87/Share
Portfolio Pulse from Benzinga Newsdesk
VSE Corporation has priced a public offering of 1,724,137 common shares at $87 per share, raising $142.5 million. The proceeds will be used to finance part of the acquisition of Kellstrom Aerospace Group, Inc.
October 16, 2024 | 5:15 am
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VSE Corporation has announced a public offering of 1,724,137 common shares at $87 per share, raising $142.5 million. The funds will be used to finance the acquisition of Kellstrom Aerospace Group, Inc.
The public offering is directly linked to VSE's strategic acquisition of Kellstrom Aerospace, which could enhance VSE's market position and growth prospects. The successful raising of funds indicates investor confidence and supports the acquisition strategy.
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