Cardtronics (CATM) Prices 7M Common Offering at $14.00/Share
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Cardtronics, Inc. (Nasdaq: CATM) today announced the pricing of a secondary public offering of 7 million shares of already outstanding common stock at a price to the public of $14.00 per share. The shares of common stock are being sold by the following selling stockholders: CapStreet II, L.P., CapStreet Parallel II, L.P., and investment funds affiliated with TA Associates. The offering is scheduled to close on August 24, 2010. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of common stock to cover over-allotments, if any. Cardtronics will not receive any of the proceeds from the secondary offering of shares of its common stock by the selling stockholders.
Piper Jaffray & Co. and UBS Securities LLC are the joint book-running managers for the offering.
Piper Jaffray & Co. and UBS Securities LLC are the joint book-running managers for the offering.
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