Columbus McKinnon (CMCO) Announces Commencement of Common Stock Offering

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Go back to Columbus McKinnon (CMCO) Announces Commencement of Common Stock Offering

Columbus McKinnon Announces Commencement of Common Stock Offering

April 28, 2021 4:10 PM EDT

BUFFALO, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon Corporation (Nasdaq: CMCO) (the Company or Columbus McKinnon), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that it has commenced an underwritten public offering, subject to market and other conditions, of $150.0 million of its common stock. The Company intends to grant the underwriters in the offering an option for a period of 30 days to purchase up to an additional $22.5 million of the Companys common stock.

The Company intends to use the net proceeds from the offering (including the net... More