Colfax Announces Upsizing and Pricing of Common Stock Offering
February 14th, 2014
Interest in the common stock offering of Colfax (NYSE: CFX) must be huge!
Yesterday Colfax announced the upsizing of the common stock offering to 8,000,000 shares together with a green shoe option of additional 1,200,000 shares.
Watch the price! Shares are offered at $ 68.75, that’s not cheap!
Management reassured investors that the transaction will be immediately accretive to adjusted EPS and free cash flow, excluding year one fair value adjustment amortization expense and transaction expenses.
The market believed that and pushed shares of Colfax higher than the price of the public offering. Yesterday Colfax stock ended the day at an all-time high of $ 69.71
Watch the success story of Colfax as it continues to unfold!
Categories: Stocks / Aktien