StandardAero (SARO) said Monday that its stockholders Carlyle Group (CG) affiliates and GIC Private intend to sell a total of 30 million shares in an underwritten secondary offering.
The selling shareholders expect to grant the underwriters a 30-day option to buy up to 4.5 million additional shares, according to StandardAero. All of the net proceeds from the offering will go to the selling stockholders, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments