On Tuesday, Shares of Aramark (NYSE:ARMK), gained 2.34% to $33.25.
Aramark, declared that certain of its stockholders, comprising of associates of GS Capital Partners, Thomas H. Lee Partners, L.P. and Warburg Pincus LLC, intend to offer for sale in an underwritten secondary offering 22,468,514 shares of its common stock following Aramark’s shelf registration statement filed with the Securities and Exchange Commission. The Selling Stockholders will receive all of the proceeds from this Offering. No shares are being sold by administration or Aramark. The last stated sale price of Aramark’s common stock on August 17, 2015 was $32.49 per share. The Offering is predictable to close on August 21, 2015, subject to customary closing conditions.
Conditional upon and concurrent with the closing of the Offering, Aramark has agreed to repurchase 1.5 million additional shares of its common stock from the Selling Stockholders at the net offering price. The shares being sold following the Offering and Repurchase represent all of the remaining shares held by the Selling Stockholders.
Credit Suisse Securities (USA) LLC will act as the underwriter for the Offering.
Aramark has filed a registration statement (counting a prospectus) on Form S-3 with the SEC for the Offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Aramark has filed with the SEC for more complete information about Aramark and this Offering.
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients primarily in North America. The company offers managed services, counting dining, catering, food service administration, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction administration, and capital project administration.
Shares of Flowers Foods, Inc. (NYSE:FLO), declined -1.43% to $24.09, during its last trading session.
Flowers Foods, declared a second quarter dividend of $0.1450 per share, an enhance of 21% over the same quarter last year. This action renews the annual dividend rate of $0.58 per share declared in June 2015. The dividend is payable on September 15, 2015, to shareholders of record on September 1, 2015.
Flowers Foods, Inc. produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh bakery foods, counting fresh breads, buns, rolls, tortillas, and snack cakes.
Finally, Headwaters Inc (NYSE:HW), ended its last trade with -0.37% loss, and closed at $21.37.
Headwaters, declared results for its third quarter of fiscal 2015.
Third Quarter 2015 Highlights
- Revenue raised 9% to $243 million, counting about 6% organic growth despite noteworthy weather impact in many parts of the U.S.
- Gross profit raised 13% and gross margin raised by 130 basis points
- Adjusted EBITDA raised 9% and TTM Adjusted EBITDA raised to $158 million
- Building products revenue raised 5%, operating income raised 22%, and Adjusted EBITDA raised 10%
- Construction materials revenue raised 14%, operating income raised 23%, and Adjusted EBITDA raised 13%
- On a pro forma basis, trailing twelve months Adjusted EPS was $1.14 through June 30, 2015
Headwaters Incorporated, a building products company, provides products and services in the light and heavy building materials sectors primarily in the United States and Canada. It operates through three segments: Light Building Products, Heavy Construction Materials, and Energy Technology.
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