Douglas Dynamics Announces Secondary Offering of 5M Shares by Selling Stockholders
Douglas Dynamics, Inc. (NYSE: PLOW) today announced it has launched a secondary offering of 5,000,000 shares of its common stock for sale by certain of its stockholders, including affiliates of Aurora Capital Group and Ares Management.
The selling stockholders also propose to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares to cover over-allotments, if any.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.