2023-05-04 06:32:22 ET
- Ryerson ( NYSE: RYI ) prices announced secondary public offering of 2.63M shares pursuant to a shelf registration statement filed with SEC by its principal shareholder, an affiliate of Platinum Equity.
- The selling stockholder will receive all of the net proceeds from the Offering.
- The Company is not offering any shares of its common stock and will not receive any of the proceeds from the sale of the shares offered by the selling stockholder.
- The agreement is expected to close on May 8.
- Stock slumps 3% pre-market.
For further details see:
Ryerson announces secondary offering of 2.6M shares