Actuant (ATU) To Offer 9M Shares
Actuant Corporation (NYSE: ATU) announced that it has commenced an underwritten public offering of 9,000,000 shares of its class A common stock for sale to the public.
In connection with this offering, the Company intends to grant the underwriters an option to purchase up to an additional 1,350,000 shares to cover over-allotments, if any.
Actuant intends to use the proceeds from the offering to reduce indebtedness and for general corporate purposes.
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