Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Camping World prices smaller 9.5M-share offering at $27.75

Published 05/24/2017, 07:06 PM
Updated 05/24/2017, 07:06 PM
© Reuters.  Camping World prices smaller 9.5M-share offering at $27.75
  • Camping World Holdings (NYSE:CWH) has priced a downsized share offering at $27.75/share.
  • The planned 10M-share offering shrank to 9.5M overall: 4M shares of Class A common offered by the company, and 5.5M offered by affiliates of Crestview Advisors. That accounts for an increase in 500K shares sold by the company, and 1M less from Crestview.
  • Shares closed 0.7% higher at $27.87 today and are flat in after-hours action; they had fallen 4.4% yesterday after news of the planned offering.
  • Underwriters have a 30-day option to buy up to 1.425M additional shares.
  • Camping World will use proceeds to buy common units of CWGS LLC, which will use those proceeds to fund an acquisition of assets of Gander Mountain Co. and its Overton's boating business.
  • Now read: Johnson Controls International (NYSE:JCI) Presents At Electrical Products Group 2017 Annual Spring Conference - Slideshow


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.