other material
confidence high
sentiment neutral
materiality 0.75
Selling stockholders offer 46.3M LVS shares at $44; company to repurchase 5.8M shares
LAS VEGAS SANDS CORP
- Dr. Miriam Adelson and trust sell 46,264,168 shares at $44.00 each.
- LVS will repurchase 5,783,021 shares from underwriters concurrently.
- Selling stockholders and related trusts enter 365-day lock-up agreements.
- Company receives no proceeds from the offering; expected to close Dec 1, 2023.