On Friday, VWR Corp (NASDAQ:VWR)’s shares inclined 0.39% to $25.86.
VWR Corp (VWR) declared the pricing of an underwritten public offering of 16,000,000 shares of its common stock by selling stockholder Varietal Distribution Holdings, LLC at a price to the public of $26.25 per share. In connection with the offering, the selling stockholder has granted the underwriters a 30-day option to purchase up to 2,400,000 additional shares. The offering is predictable to close on June 9, 2015. VWR will not receive any proceeds from this offering.
VWR Corporation provides laboratory products, services, and solutions to the life science, general research, and applied markets worldwide. The company operates through two segments, Americas and EMEA-APAC. It offers chemicals, reagents, consumables, durable products, scientific equipment and instruments.
Catalent Inc (NYSE:CTLT)’s shares gained 1.82% to $29.61.
Catalent Inc (CTLT) declared the launch of a secondary public offering of its common stock. Certain stockholders of Catalent (the “Selling Stockholders”) are offering for sale to the public 20 million shares of Catalent’s common stock owned by them. The Selling Stockholders will grant to the underwriters of the secondary offering an option to purchase up to 3 million additional shares of common stock. Catalent is not offering any stock in this transaction and will not receive any proceeds from the sale of the shares by the Selling Stockholders.
Morgan Stanley, J.P. Morgan, BofA Merrill Lynch, Goldman, Sachs & Co., Jefferies and Deutsche Bank Securities are acting as joint bookrunning managers for the offering. Blackstone Capital Markets, Evercore ISI, Raymond James, Wells Fargo Securities and William Blair are acting as co-managers for the offering.
A registration statement regarding the Catalent shares being offered by the Selling Stockholders has been filed with the U.S. Securities and Exchange Commission (“SEC”), but has not yet become effective. The Selling Stockholders’ shares may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such shares of common stock in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Catalent, Inc. provides advanced delivery technologies and development solutions for drugs, biologics, and consumer health products. It operates through three segments: Oral Technologies, Medication Delivery Solutions, and Development & Clinical Services. The Oral Technologies segment provides advanced oral delivery technologies, counting formulation, development, and manufacturing of oral dose forms for prescription and consumer health products.
At the end of Friday’s trade, DiamondRock Hospitality Company (NYSE:DRH)‘s shares dipped -1.08% to $12.86.
DiamondRock Hospitality Company (DRH) declared that its Board of Directors declared a quarterly dividend of $0.125 per share to stockholders of record as of June 30, 2015. The dividend will be paid on July 14, 2015.
DiamondRock Hospitality Company, a lodging focused real estate company, owns premium hotels and resorts in North America. The company operates its hotels under the Hilton, Marriott, and Westin brand names in New York, Los Angeles, Chicago, Boston, and Atlanta; and in destination resort locations, such as the United States Virgin Islands and Colorado.
Simon Property Group Inc (NYSE:SPG), ended its Friday’s trading session with -1.35% loss, and closed at $176.61.
Tanger Factory Outlet Centers, and Simon Property Group Inc (SPG) that the partners will host an official Ground Breaking Ceremony on June 25, 2015, to celebrate the start of construction on a new outlet location serving the Delaware County area in Columbus. The new fashion destination will create about 350,000 square feet of retail space and feature over 80 upscale brand name and designer outlet retailers.
The new outlet center, a joint venture between Tanger Factory Outlet Centers, Inc. and Simon will be located at the Routes 36/37 interchange off Interstate 71. The Ground Breaking Ceremony, which will take place at the future property site, will feature remarks from Steven B. Tanger, President and Chief Executive Officer of Tanger Factory Outlet Centers, Inc., Steven Dworkin, Senior Vice President, Development of Simon Premium Outlets®, Mary Taylor, Lieutenant Governor of Ohio, and local dignitaries and officials.
Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, administration, and development of properties. It primarily invests in regional malls, premium outlets, mills, and community/lifestyle centers to create its portfolio. Simon Property Group, Inc. was founded in 1960 and is based in Indianapolis, Indiana, with additional office in New York, New York.
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