Market Overview

My goal is to be on stage with my computer and let you
see my screen and make sure you know what buttons to
press, where you’re getting in & out, how to calculate
risk, your targets — all of those things.
It’s real-life trading. Make sure you sign up!
- Jerremy Newsome

Alamo Group Inc. Announces The Public Offering Of 1.72M Common Stock


Alamo Group Inc. (NYSE: ALG) today announced the commencement of an underwritten public offering of 1,722,270 shares of its common stock by existing shareholder Capital Southwest Corporation and its wholly-owned subsidiary Capital Southwest Venture Corporation. In addition, the selling shareholders intend to grant the underwriters a 30-day option to purchase up to an additional 258,340 shares of common stock. Alamo will not receive any proceeds from the sale of the shares in the offering.

BofA Merrill Lynch, Evercore ISI and Piper Jaffray will serve as joint book-running managers for the offering.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The shares are being offered pursuant to an effective shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission. The offering will be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained, when available, from BofA Merrill Lynch, at 222 Broadway, New York, NY 10038, Attn: Prospectus Department or email; Evercore, at 55 East 52nd Street, 36th Floor, New York, NY 10055, Attn: Evercore Prospectus Department - Equity Capital Markets or email; or Piper Jaffray, at 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, Attn: Prospectus Department or email

Posted-In: News Offerings Press Releases


Related Articles (ALG)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

Stifel's 2020 Vision For Internet Stocks

DTE Energy Announces Plan To Purchase Natural Gas Generation Facility