Casella Waste (CWST) Prices 10M Common at $4/Share
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Casella Waste Systems, Inc. (NASDAQ: CWST) today announced the pricing of an underwritten public offering of 10,000,000 shares of its Class A common stock at a price of $4.00 per share to the public and the granting to the underwriters of a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock sold in the offering to cover over-allotments, if any. All of the shares in the offering are to be sold by Casella Waste Systems. The gross proceeds to Casella Waste Systems from this offering are expected to be approximately $40 million, before deducting underwriting discounts and commissions, and other estimated offering expenses payable by Casella Waste Systems. The offering is expected to close on or about October 3, 2012, subject to the satisfaction of customary closing conditions.
BofA Merrill Lynch and J.P. Morgan are acting as joint book-running managers for the offering.
BofA Merrill Lynch and J.P. Morgan are acting as joint book-running managers for the offering.
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