TriMas Corporation TRS announced today that the sale by Heartland Industrial Associates, L.L.C. of 4,500,000 shares of TriMas Corporation's common stock to Deutsche Bank Securities Inc. as the sole underwriter in the registered public offering of those shares has been priced at $20.70 per share. The size of the offering was increased from the previously announced 4,000,000 shares of common stock. All net proceeds from the sale of the common stock will be received by the selling stockholder. TriMas Corporation will not receive any of the proceeds. The total number of outstanding shares of TriMas Corporation's common stock will not change as a result of this offering. The offering is expected t o close on April 25, 2011, subject to customary closing conditions.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in