News Detail

BUZZ-CSW Industrials increases stock offering size; shares down

Reuters · 09/05 13:37

Listen to the news

BUZZ-CSW Industrials increases stock offering size; shares down

** Construction company CSW Industrials' CSWI.O shares down 8% at $291 in early trading

** Co increases stock offering to 1.1 mln shares at $285/shr from prior 1 mln shares

** The price represents a 10% downside to the stock's last close

** CSWI says will use proceeds from the offering to repay outstanding debt, with the remainder for general corporate purposes, including potential future acquisitions

** YTD, CSWI up 52.71% as of last close

(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com;))

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.

What's Trending

No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.