September 24 2019

Univar Solutions announces Pricing of Sale of Shares by Clayton, Dubilier & Rice LLC

Public Offering for ca. 6.9 % of the Shares of U.S. based Distributor pegged at USD 21.20 per Share

Global chemicals and ingredents distributor Univar Solutions, Inc. (Downers Grove, IL – United States) has announced the pricing of the previously communicated public offering of 11’594’268 shares of Univar Solutions’ common stock (representing approximately 6.9% of  issued and outstanding shares) by investment funds affiliated with Clayton, Dubilier & Rice LLC (“CD&R”), to Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as the underwriters in the registered public offering of those shares, at a price to the public of USD 21.20 per share. The offering is expected to close and settle on 25. September 2019, the company said.

 

Following the offering, it is expected that CD&R will no longer hold any shares of Univar Solutions’ common stock. The company said that CD&R will receive all of the net proceeds from this offering, which is representing the conclusion of a 9-year investment in Univar Solutions. No shares are being sold by Univar Solutions. 

Source: Univar press release

HGE – DCG / 24.09.2019

pub-bg
«
More ...

Mastering the art
of distribution

publications_sidebar

Further publications

Receive latest publications & update

    By subscribing you agree to receive our promotional marketing materials and agree with our Privacy Policy. You may unsubscribe at any time.

    Please let us contact you:

    I consent to having DistriConsult store my submitted information so they can respond to my inquiry.