Colfax secures financing of the Victor acquisition
February 21st, 2014
Colfax (NYSE: CFX) announced that it has sold all 9’200’000 shares of its public offering at $68.75!
According to the prospectus filed pursuant to rule 424 this amounts to proceeds for Colfax of $610.363 mil before expenses.
As Colfax agreed to acquire Victor Technologies for $947 mil in cash they are now able to finance about 2/3 of the deal by equity.
Well done Colfax!
As the acquisition includes the assumption of debt this guarantees a balanced debt/equity financing of the whole deal!
Categories: Stocks / Aktien