- Diversey Holdings Ltd DSEY has priced the public follow-on offering of 15 million ordinary shares at $15.00 per share.
- The offer price represented a 0.8% discount to the company’s closing price on November 10, 2021.
- The company also granted the underwriters a 30-day option to purchase up to an additional 2.3 million shares.
- Diversey intends to use the offering net proceeds for general corporate purposes, including capital expenditures and potential acquisitions.
- The offering is expected to close on November 15, 2021.
- Citigroup, Morgan Stanley, and J.P. Morgan are acting as lead book-running managers for the offering.
- Price Action: DSEY shares closed higher by 2.79% at $15.12 on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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