PolyOne has received total net proceeds from the offering, after deducting the underwriters' discount but before deducting offering expenses, of $496.8 million
Polyone provides specialized polymer materials and services. (Credit: feiern1 from Pixabay)
PolyOne announced that the underwriters of its previously consummated public offering of 13,333,333 common shares have fully exercised their option to purchase an additional 2,000,000 common shares at the public offering price of $33.75 per share. Settlement of the sale of the additional common shares occurred today. With the exercise of the option, PolyOne has received total net proceeds from the offering, after deducting the underwriters’ discount but before deducting offering expenses, of $496.8 million.
Morgan Stanley, Citigroup and Wells Fargo Securities acted as joint book-running managers and Morgan Stanley and Citigroup acted as representatives of the underwriters for the offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and is effective. The offering was made only by means of the prospectus in that registration statement and the related prospectus supplement.
Source: Company Press Release