MUFG - Honda Motor Prices Secondary Shares At Discount In $3.16B Sale | Benzinga
Honda Motor Co (NYSE:HMC) has announced the selling price for the secondary offering of its common stock, which was approved at the Executive Council meeting held on July 4, 2024.
The shares for secondary sale are priced at 1,664.5 yen each, representing a 3% discount to Wednesday’s closing price.
The total value of the deal is estimated at 497 billion yen ($3.16 billion), the automaker disclosed.
Insurers and financial firms aim to sell as many as 300 million Honda shares, Reuters repored. The amount includes ...