other material
confidence high
sentiment neutral
materiality 0.70
Hain Celestial repurchases 1.7M shares from Engaged Capital for $76.5M
HAIN CELESTIAL GROUP INC
- Repurchased 1,700,000 shares at $45.00 per share from Engaged Capital funds.
- Aggregate repurchase price of $76.5 million funded by revolving credit facility.
- Engaged Capital also sold 12,379,504 shares in a concurrent underwritten public offering.
- Share repurchase and offering completed on November 15, 2021.
- Price per share net of underwriting commissions matched the public offering price.