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REVG - REV Group shares fall on 7.5M secondary offering
REV Group Inc.
REV Group (REVG) announces the commencement of an underwritten public offering of 7.5M shares by certain selling stockholders.The selling stockholders intend to grant underwriters an option to purchase up to 1.13M additional shares.The company highlighted that it is not selling any shares and will not receive any proceeds from the offering.Shares were trading down more than 5% post market.