Market Overview

Fleetmatics Files for 7M Share Offering

Fleetmatics Group (NYSE: FLTX) announced today that it has filed a
registration statement with the U.S. Securities and Exchange Commission
for a proposed public offering of 7,000,000 shares of its common stock.
All of the shares to be sold in the offering will be sold by Fleetmatics
Investor Holdings, L.P., the principal stockholder of the company. In
addition, certain of the existing stockholders have granted the
underwriters an option to sell 1,050,000 shares of the company's common
stock. Fleetmatics will not receive any proceeds from the sale of the
shares.

Barclays and BofA Merrill Lynch are acting

See full press release

Posted-In: News Guidance Contracts Management

 

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