Veritiv (VRTV) Files for 1.57M Share Common Stock Secondary Offering; Plans to Repurchase Shares

November 15, 2016 4:22 PM EST

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Veritiv (NYSE: VRTV) filed with the U.S. SEC to offer up to 1,568,000 shares of common stock on behalf of UWW Holdings.

In addition, the Company announced that it intends to repurchase 313,600 of the 1,568,000 shares from the underwriters, concurrently with the closing of the offering, at a price per share equal to the price at which the underwriters will purchase such shares from the selling stockholder. The closing of the share repurchase is contingent on, and expected to occur simultaneously with, the closing of the offering, subject to the satisfaction of other customary conditions.

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