TinyGemsBreaks – AZZ Inc. (NYSE: AZZ) Closes on Common Stock Public Offering, Including Underwriters’ Option
AZZ (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil-coating solutions, has closed on its underwritten public offering. The offering consists of 4,600,000 shares of common stock along with the full exercise of the underwriters' option, which included the purchase of up to 600,000 additional shares of common stock. The shares were offered at a price per share of $70 resulting in gross proceeds of $322 million for the company, before standard deductions, commissions and fees were paid. AZZ anticipates using the funds from the offering for the redemption of all or a portion of the company's 6.0% Series A Convertible…