APi Group Corporation announced that it has commenced an underwritten public offering of 11M shares of its common stock. All of the shares of common stock to be sold in the offering are to be sold by APi. APi intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures, working capital and acquisitions. Citigroup, BofA Securities and UBS Investment Bank are acting as joint book-running managers for the offering.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APG:
- APi Group raises Q1 revenue view to $1.59B-$1.61B from $1.56B-$1.61B
- APi Group to acquire Elevated Facility Services Group for $570M in cash
- APi Group price target raised to $45 from $36 at RBC Capital
- APi Group price target raised to $47 from $43 at Citi
- TipRanks’ ‘Perfect 10’ List: Analysts Pound the Table on These Top-Scoring Stocks