- Hayward Holdings ( NYSE: HAYW ) on Wednesday announced that certain selling stockholders intend to offer 16 million shares of the company's common stock in a secondary offering.
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The selling stockholders include funds affiliated with CCMP Capital Advisors LP and Alberta Investment Management Corporation.
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The selling stockholders intend to grant the underwriters a 30-day option to purchase up to 2.4 million additional shares.
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The selling stockholders will receive all of the net proceeds from this offering. No shares are being sold by the company.
- Goldman Sachs is serving as the underwriter for the offering.
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Shares -3.7% at $11.70 after hours.
For further details see:
Hayward announces secondary offering of 16M shares by selling stockholders