Friday, December 4, 2020
9:58 AM EST – Neo Performance Materials Inc. : Announced that it and funds managed by Oaktree Capital Management, L.P. have entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from the Selling Shareholder 3,932,500 common shares of the Company at a price of $12.10 per Common Share for total gross proceeds to the Selling Shareholder of approximately $47.6 million. The Company will not be receiving any of the proceeds of the Offering. Neo Performance Materials Inc.
(T.NEO) shares were down $0.44 at 12.36.
Stocks in Play: Neo Performance Materials Inc., Fri, 04 Dec 2020 10:00:03 EST