Shares of Commscope Holding Company Inc (NASDAQ: COMM) were trading lower by more than 5 percent Tuesday morning after the company announced that a major shareholder, an affiliate of the Carlyle Group, priced the sale of 20 million shares of its common stock.
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The stock offering is being priced at $29.10 per share, a discount to Monday's closing price of $30.34.
Following the sale, Carlyle and its affiliates will own approximately 41.22 million shares, or approximately 21 percent of the entire company.
CommsSope Holding won't receive any of the proceeds from Carlyle's offering.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.