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By The Online Investor Staff, updated Sat., Oct. 24, 10:14 AM
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Secondary Stock Offerings| This Slide: #4 of 25 |
Slide #4. Casella Waste Systems, Inc. — Secondary Offering
Company:
Casella Waste Systems, Inc. (NASDAQ:CWST)
Date announced:
10/20/2020
Shares Offered:
2,350,000
Date of Pricing:
10/21/2020
Price Per Share:
$56.00
Secondary Offering Details:
Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, announced today that it has commenced a proposed underwritten public offering of 2,350,000 shares of its Class A common stock. Casella also intends to grant the underwriters of the offering an option for a period of 30 days to purchase up to an additional 352,500 shares of Class A common stock. All of the shares in the offering are to be sold by Casella. -updated 10/21- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, announced today the pricing of an underwritten public offering of 2,350,000 shares of its Class A common stock at a public offering price of $56.00 per share, before offering discounts. The offering will result in aggregate gross proceeds of approximately $131.6 million to Casella, before deducting underwriting discounts and offering expenses. Casella also granted the underwriters of the offering an option for a period of 30 days to purchase up to an additional 352,500 shares of Class A common stock. All of the shares in the offering are to be sold by Casella. The offering is expected to close on or about October 23, 2020, subject to customary closing conditions.
Casella Waste Systems is a solid waste services company. Co. provides resource management personnel and services, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. Co. provides solid waste services in Vermont, New Hampshire, New York, Massachusetts, Maine and Pennsylvania. Co. manages its solid waste operations on a geographic basis through its regional operating segments, the Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations along with its organics services and primary account and industrial services through its Resource Solutions segment.
CWST SEC Filing Email Alerts Service
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Avg. Broker Rec.
 
|
Buy (3.33 out of 4) 53rd percentile
(ranked higher than approx. 53% of all stocks covered)
Analysts' Target Price: CWST Stock Forecast Based on Zacks ABR data; powered by Xignite |
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