LXU - LSB Industries prices offering of $14.35M shares and plans to repurchase 3.5M shares
- LSB Industries ( NYSE: LXU ) prices underwritten public offering by an affiliate of Eldridge Industries of an aggregate of 14.35M shares at a price to the public of $13.50 per share.
- Offering is expected to close on November 10, 2022.
- Underwriters a 30-day option to purchase up to an aggregate of ~1.63M additional shares.
- Selling stockholders will receive all proceeds.
- Company intends to repurchase from the underwriters 3.5M shares funding with cash on hand and expected to occur simultaneously with the closing of the offering.
- Stock drops 3.5% pre-market
For further details see:
LSB Industries prices offering of $14.35M shares and plans to repurchase 3.5M shares