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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Jul. 6, 7:19 AM

Slide #15. NN, Inc. Secondary Offering

Company: NN, Inc. (NASDAQ:NNBR)
Date announced: 6/22/2015
Shares Offered: 6,600,000
Date of Pricing: 6/25/2015
Price Per Share: $24
Secondary Offering Details: NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it is commencing an underwritten registered public offering of 6,000,000 shares of its common stock. In connection with this offering, NN expects to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. - updated 6/26 - NN, Inc. (NASDAQ: NNBR), a diversified industrial company, announced today the pricing on June 25 of a follow-on offering of 6,600,000 shares of common stock at a price of $24 per share. Closing of the offering is expected to occur on July 1, 2015, subject to customary closing conditions. NN has granted the underwriters a 30-day option to purchase up to an additional 990,000 shares of common stock.

NN is a manufacturer of precision balls, cylindrical and tapered rollers, bearing retainers, plastic injection molded products, precision bearing seals and precision metal components. Co.'s balls, rollers, retainers, and bearing seals are used in the anti-friction bearing industry. Co.'s plastic injection molded products are used in the bearing components, automotive components, electronic instrument cases and other molded components used in a range of applications. The precision metal components products are used in the HVAC, automotive, fluid power and diesel engine industries. Co.'s segments are: Metal Bearing Components, Plastic and Rubber Components, and Precision Metal Components.
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Company Name:  NN, Inc
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding NNBR:  20
Total Market Value Held by ETFs:  $14.87M
Total Market Capitalization:  $516.00M
% of Market Cap. Held by ETFs:  2.88%

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July 6, 2015    7:19 AM Eastern
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Strong Buy (4.00 out of 4)
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