M&A
confidence high
sentiment neutral
materiality 0.70
DSGR sets May 1 record date for $100M rights offering to fund Hisco acquisition
Distribution Solutions Group, Inc.
- Record date for proposed rights offering fixed as May 1, 2023.
- Intends to raise up to $100M in gross proceeds via rights offering.
- Net proceeds will fund acquisition of Hisco, combined with credit facility.
- Rights offering made under existing S-3 shelf registration statement.
- Rights offering record date announced for holders of common stock.