VWR (VWR) to Offer 8M Shares for Holders
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VWR Corporation (NASDAQ: VWR) today announced the commencement of an underwritten public offering of 8,000,000 shares of its common stock by selling stockholder Varietal Distribution Holdings, LLC pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission (the "Commission"). VWR will not receive any proceeds from this offering. The underwriter will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. The last reported sales price of VWR's common stock on August 8, 2016 was $30.38 per share. In connection with the offering, the selling stockholder intends to grant the underwriter a 30-day option to purchase up to 1,200,000 additional shares.
BofA Merrill Lynch is the sole book-running manager of the offering.
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Create E-mail Alert Related CategoriesEquity Offerings
Related EntitiesMerrill Lynch, Bank of America, S3
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