Clarivate (CLVT) Announces 25M Share Secondary Ordinary Share Offering
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Clarivate Announces Secondary Ordinary Share Offering
September 9, 2021 5:16 PM EDTLONDON, Sept. 9, 2021 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT) (the "Company" or "Clarivate") announced today that affiliated funds of Onex Corporation ("Onex") (TSX: ONEX) and Baring Private Equity Asia Group Ltd ("BPEA") (together, the "Selling Shareholders") intend to offer an aggregate of 25,000,000 ordinary shares of the Company in an underwritten public offering, subject to market conditions. In addition, the Selling Shareholders intend to grant the underwriters a 30 day option to purchase up to an additional 3,750,000 ordinary shares. The Selling Shareholders will receive all of the net proceeds from the sale of these shares.
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