Fairmount Santrol (FMSA) Announces 15M Share Common Stock Secondary Offering
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Fairmount Santrol Announces Secondary Common Stock Offering
December 1, 2016 5:06 PM ESTCHESTERLAND, Ohio, Dec. 01, 2016 (GLOBE NEWSWIRE) -- Fairmount Santrol (NYSE: FMSA), a leading provider of high-performance sand and sand-based products, today announced that its principal stockholder, ASP FML Holdings, LLC (the Selling Stockholder), an affiliate of American Securities LLC, a leading U.S. private equity firm, is selling 15,000,000 shares of Fairmount Santrol common stock that it currently owns in an underwritten public offering. Fairmount Santrol will not receive any proceeds from the sale of shares in the offering.
The Selling Stockholder also intends to grant the underwriter a 30-day option to purchase up to an... More
