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News Lone Star Funds to sell stake in Continental Building Products through secondary offering

Lone Star Funds to sell stake in Continental Building Products through secondary offering

Written by Global Gypsum staff
14 September 2015
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US: Lone Star Funds has agreed to sell 4 million shares of common stock in Continental Building Products (CBP) through an underwritten secondary offering. Based on the closing price of CBP's common stock on 9 September 2015, the offering is valued at approximately US$85.2m. The underwriter has a 30-day option to purchase up to an additional 600,000 shares of common stock from the selling stockholder. Credit Suisse Securities (USA) LLC is acting as the underwriter for the offering, which is expected to close on 16 September 2015.

Published in Global Gypsum News
Tagged under
  • US
  • Lone Star
  • Continental Building Products
  • CBP
  • shares
  • Sales

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