Rollins secondary offering closes: 44.5M shares sold by LOR at $35; company buys back 8.7M shares for ~$300M

ROLLINS INC

Secondary offering of 44,509,814 shares by LOR, Inc. at $35.00 per share; company received no proceeds.
Company repurchased 8,724,100 shares for ~$300 million at the same price as the offering.
Selling stockholder LOR, Inc. entered a 365-day lock-up agreement from pricing date.
Goldman Sachs & Morgan Stanley acted as joint book-running managers; offering closed Sept 11, 2023.

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