- Gates Industrial Corporation plc (NYSE:GTES) has priced the previously announced secondary offering of 22.5 million shares by selling shareholders at $11.75 per share.
- The offer price represents a 3% discount to the company’s closing price on May 17.
- The selling stockholders are affiliated with Blackstone Inc (NYSE:BX).
- The selling stockholders have also granted the underwriters a 30-day option to purchase up to 3.4 million additional shares.
- The offering is expected to close on May 23, 2023.
- Price Action: GTES shares are trading lower by 0.33% at $12.02 in premarket on the last check Thursday.
Camtek Q2: 7% Sales Decline, Earnings Beat, Margin Pressure & More
Camtek Ltd. (NASDAQ: CAMT) reported a second-quarter FY23 revenue decline of 7.3% year-on-year to $73.758 million,
