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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Jul. 4, 7:47 AM

Slide #18. West Corporation Secondary Offering

Company: West Corporation (NASDAQ:WSTC)
Date announced: 6/18/2015
Shares Offered: 7,000,000
Secondary Offering Details: West Corporation (Nasdaq:WSTC) today announced an underwritten public offering of 7,000,000 shares of common stock by certain of its existing stockholders. All of the shares of common stock in the offering will be sold by investors related to Thomas H. Lee Partners, L.P. and Quadrangle Group LLC. The selling stockholders anticipate granting an option to the underwriter to purchase an additional 1,050,000 shares owned by them. The underwriter may offer for sale the shares of common stock from time to time on the Nasdaq Global Select Market, in the over-the-counter market, or in one or more negotiated transactions at a fixed price or prices, which may be changed. Neither the Company nor the Company's management is selling any shares of common stock in the offering, and the Company will not receive any proceeds from the offering by the selling stockholders.

West is a provider of communication services. Co. operates in two business segments: Unified Communications, including conferencing and collaboration services, event services, Internet Protocol-based unified communication solutions and alerts and notifications services; and Communication Services, including emergency communication services, automated call processing, telephony/interconnect services and agent-based services. Co. serves clients in a variety of industries, including telecommunications, retail, financial services, public safety, technology and healthcare. Co. has operations in the U.S., Canada, Europe, the Middle East, Asia Pacific, Latin America and South America.
Open the WSTC Page at The Online Investor »

Company Name:  West Corp.
Stock buyback:  WSTC buyback
Sector:  Office Supplies
Number of ETFs Holding WSTC:  24
Total Market Value Held by ETFs:  $52.15M
Total Market Capitalization:  $2.51B
% of Market Cap. Held by ETFs:  2.07%
 

Open the WSTC Page at The Online Investor (in a new window) »

July 4, 2015    7:47 AM Eastern
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Buy (3.25 out of 4)
58th percentile
(ranked higher than approx. 58% of all stocks covered)
Based on Zacks ABR data;
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