M&A
confidence high
sentiment neutral
materiality 0.65
Live Nation closes ~$455M stock offering to fund OCESA acquisition
Live Nation Entertainment, Inc.
- 5,239,259 shares sold at $86.90/share, raising ~$455M in gross proceeds.
- Net proceeds to fund previously announced 51% acquisition of OCESA Entretenimiento.
- Remaining proceeds to be used for general corporate purposes.
- Underwriting agreement with Goldman Sachs & Co. LLC executed September 14, 2021.
- Offering closed September 17, 2021; registered under Form S-3.