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home / news releases / GTES - Gates Industrial launches 22M shares secondary offering


GTES - Gates Industrial launches 22M shares secondary offering

Gates Industrial (GTES) traded 6.3% down after hours after announcing that certain selling stockholders affiliated with The Blackstone Group have commenced a secondary offering of 22M of Gates' ordinary shares.Selling stockholders granted underwriters a 30-day option to purchase up to 3.3M additional shares.Gates will not receive any proceeds from the sale of ordinary shares in this offering.

For further details see:

Gates Industrial launches 22M shares secondary offering
Stock Information

Company Name: Gates Industrial Corporation plc
Stock Symbol: GTES
Market: NYSE
Website: gates.com

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