Amentum Prices Secondary Offering Of About 19.5 Mln Shares At $16.50/Share, Stock Up In Pre-Market
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Amentum Holdings, Inc. (AMTM) has priced a secondary public offering of approximately 19.5 million shares at $16.50 each. The company will not sell any shares or receive proceeds from the offering. A subsidiary of Jacobs Solutions will exchange debt-for-equity shares with a BofA Securities affiliate for the offering. Following the offering, Jacobs will no longer hold Amentum shares, except for about 9.7 million escrowed shares. Amentum's stock rose 4.99% in pre-market trading, reaching $17.89.
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