CCSI - Consensus Cloud Solutions prices secondary offering of 500K shares held by Ziff Davis

• Consensus Cloud Solutions ( NASDAQ: CCSI ) on Wednesday said it had priced an underwritten offering of 500K of its shares currently owned by its former parent company at a discount.
• The shares are owned by Ziff Davis and CCSI priced them at $46 per share, which is lower than its last closing price of $46.97.
• Consensus ( CCSI ) said it is not selling any shares and will not get any proceeds from the sale of the shares in the offering.
• Prior to the closing of the offering, Ziff Davis intends to exchange 500K shares of CCSI's common stock for indebtedness that will be owned by Citicorp North America.
• The offering is expected to close on Sept. 19.
• CCSI stock earlier closed -1.8% at $46.97.

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