Bookrunner Robert W. Baird assists; shares to be sold at $14.75 apiece
By Devika Patel
Knoxville, Tenn., Dec. 1 - Douglas Dynamics, Inc. said it priced a $29.45 million secondary public offering of stock.
The selling shareholders, which include affiliates of Aurora Capital Group, will sell 1,996,479 common shares at $14.75 apiece. The price per share reflects a 4.84% discount to the Nov. 30 closing share price of $15.50.
Robert W. Baird & Co. Inc. is the bookrunning manager.
Settlement is expected Dec. 6.
Based in Milwaukee, Douglas Dynamics designs, manufactures and sells snow and ice control equipment for light trucks.
| Issuer: | Douglas Dynamics, Inc.
|
| Issue: | Common stock
|
| Amount: | $29,448,065
|
| Shares: | 1,996,479
|
| Price: | $14.75
|
| Warrants: | No
|
| Bookrunner: | Robert W. Baird & Co. Inc.
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 6
|
| Stock symbol: | NYSE: PLOW
|
| Stock price: | $15.50 at close Nov. 30
|
| Market capitalization: | $325.19 million
|
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