Academy Sports’ Shareholders Offering 13.8 Million Shares
Academy controlling shareholder Kohlberg Kravis Roberts and others want to sell 12 million shares of ASO stock for $22.16 per share in a secondary offering, with another 1.8 million share overallotment available if there is demand. Assuming there is, the total sale would amount to $305,808,000. The price represents a 6% discount to ASO’s recent closing price, but a tidy 70% ... Log in to view full article.
