Trimas Corporation Falls on Stock Sale (TRS)
Shares of Trimas Corporation (NYSE: TRS) are falling in the after-hours by 3.28%, currently trading at $15.35, after the company said that it would be selling 3 million shares of common stock for a stockholder.
The shares are being sold by the selling stockholder in an at-the-market offering pursuant to an effective shelf registration statement. TriMas Corporation will not receive any of the proceeds.
Trimas Corporation is a manufacturer and distributor of products for commercial, industrial and consumer markets. The company operates through five business segments: Packaging, Energy, Aerospace & Defense, Engineered Components and Cequent.
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