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Stock impact report

Albany International Corp. Announces the Closing of a Secondary Offering

Albany International Corporation (AIN) 
Last albany international corporation earnings: 4/29 05:05 pm Check Earnings Report
Company Research Source: Business Wire
ROCHESTER, N. H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) (the “Company”) today announced the closing of the previously announced secondary offering of shares of its Class A common stock, par value $0.001 per share (the “Class A Common Stock”). Standish Family Holdings, LLC and J.S. Standish Company (collectively, the “Selling Stockholders”) sold 1,405,217 shares of Class A Common Stock at a price to the public of $68.00 per share. In connection with the offering, Standish Family Holdings, LLC granted the underwriters a 30-day option to purchase up to 210,783 additional shares of Class A Common Stock. On May 31, 2019, the underwriters exercised the option in full. As a result, the total number of shares of Class A Common Stock sold was increased to 1,616,000. The Selling Stockholders received all of the net proceeds from this offering. No shares were sold by the Company. J.P. Mor Show less Read more
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