- Jeld-Wen Holding Inc JELD announced the launch of a secondary offering of 14.88 million shares by Onex Corp ONEXF and certain investment funds managed by Onex Partners Manager LP and its affiliates.
- Jeld-Wen is not selling any shares in this offering and will not receive any proceeds from the sale.
- The company intends to repurchase $200 million of its stock in the 14.88 million shares that are the subject of the offering.
- The price per share to be paid by Jeld-Wen will equal the price at which the underwriter will purchase the shares from the selling shareholders in the offering.
- Price Action: JELD shares are trading lower by 4.35% at $28.12 during the premarket session on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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