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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Sep. 24, 6:33 PM

Slide #24. Platform Specialty Products Corporation Secondary Offering

Company: Platform Specialty Products Corporation (NYSE:PAH)
Date announced: 9/15/2016
Shares Offered: 42,424,242
Date of Pricing: 9/16/2016
Price Per Share: $8.25
Secondary Offering Details: Platform Specialty Products Corporation (NYSE:PAH) ("Platform"), a global, diversified specialty chemicals company, today announced that it has commenced an underwritten public offering of $350 million of shares of its common stock. In connection with the offering, Platform intends to grant the underwriters a 30-day option to purchase additional shares of its common stock. All of the shares of common stock to be sold in the offering are to be sold by Platform. -updated 9/16- Platform Specialty Products Corporation (NYSE:PAH) ("Platform") today announced the pricing of an underwritten public offering of 42,424,242 shares of its common stock at a public offering price of $8.25 per share. The gross proceeds to Platform from this offering are expected to be approximately $350 million, before deducting underwriting discounts and commissions and offering expenses payable by Platform. Platform has granted to the underwriters a 30-day option to purchase an additional 6,363,636 shares of its common stock. All of the shares of common stock to be sold in the offering are to be sold by Platform. The offering is expected to close on or about September 21, 2016, subject to customary closing conditions.

Platform Specialty Products is a producer of chemical products. Co.'s business involves the formulation of a range of chemicals, which are sold into various industries, including agricultural, animal health, electronics, and graphic arts. Co. manages its business in two reportable segments: Performance Solutions, which formulates and markets chemistry solutions that are used in electronics, automotive production, oil and gas production, drilling, commercial packaging and printing; and Agricultural Solutions, which provides to growers a range crop protection solutions from weeds (herbicides), insects (insecticides) and diseases (fungicides), in foliar and seed treatment applications.

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Company Name:  Platform Specialty Products Corp
Website:  www.platformspecialtyproducts.com
Sector:  Specialty Chemicals
Number of ETFs Holding PAH:  19
Total Market Value Held by ETFs:  $17.95M
Total Market Capitalization:  $1.98B
% of Market Cap. Held by ETFs:  0.91%
 

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September 24, 2016    6:33 PM Eastern
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