2023-08-07 17:29:42 ET
- Building products distributor Beacon Roofing Supply ( NASDAQ: BECN ) on Monday initiated an underwritten secondary public offering of 5 million shares of Beacon's common stock.
- The selling stockholder will receive all of the net proceeds from this offering and will continue to hold about 10.1 million shares of Beacon common stock after the completion, the company said.
- Beacon Roofing added that no shares are being sold by the company, and the total number of Beacon's shares outstanding will not change as a result of the offering.
- BECN -2.6% after hours to $83.79
- Source: Press Release
For further details see:
Beacon Roofing announces secondary offering of 5M shares of common stock