ESAB - ESAB prices secondary offering of 6M shares currently held by Enovis Corporation
- ESAB ( NYSE: ESAB ) has priced previously announced underwritten offering of 6M shares , owned by Enovis at a price of $40.00/share.
- Enovis is former parent of the industrial machinery company.
- ESAB is not selling any shares and will not receive any proceeds from the sale of the shares in the offering, nor will it receive any proceeds from the debt-for-equity exchange.
- Additionally, Enovis intends to exchange 6M shares of ESAB common stock for indebtedness of Enovis that will be owned by Goldman Sachs & Co. LLC or an affiliate thereof.
- Goldman Sachs & Co. LLC, the selling stockholder in the offering, intends to sell these shares of ESAB common stock to the underwriters in the public offering.
- Offering is expected to close on November 18, 2022.
- Earlier, ESAB launches underwritten offering of 6M shares .
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ESAB prices secondary offering of 6M shares currently held by Enovis Corporation