Deal sells 70,283 shares at $71.14 per share to Mussallem Living Trust
By Devika Patel
Knoxville, Tenn., May 17 - Edwards Lifesciences Corp. settled a $5 million private placement of stock with the Mussallem Living Trust on May 15, according to an 8-K filed Friday with the Securities and Exchange Commission. The deal priced on May 13.
The company sold 70,283 common shares at $71.14 per share. The price per share is a 4.82% premium to the $67.87 closing share price on May 10.
The Irvine, Calif., company focuses on providing products and technologies to address cardiovascular disease.
| Issuer: | Edwards Lifesciences Corp.
|
| Issue: | Common stock
|
| Amount: | $5 million
|
| Shares: | 70,283
|
| Price: | $71.14
|
| Warrants: | No
|
| Investor: | Mussallem Living Trust
|
| Pricing date: | May 13
|
| Settlement date: | May 15
|
| Stock symbol: | NYSE: EW
|
| Stock price: | $67.87 at close May 10
|
| Market capitalization: | $7.62 billion
|
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