VSE Corporation Prices Public Offering of Common Stock
VSE Corporation (VSEC)
US:NASDAQ Investor Relations:
ir.vsecorp.com
Company Research
Source: Business Wire
ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it has priced its previously announced underwritten public offering. The Company is offering 1,724,137 shares of its common stock at a price to the public of $87.00 per share. VSE has also granted the underwriters a 30-day option to purchase up to an additional 258,620 shares of common stock. The offering is expected to close on October 17, 2024, subject to the satisfaction of customary closing conditions.Net proceeds from the offering are expected to be approximately $142.5 million after deducting underwriting discounts and commissions and before estimated offering expenses. VSE intends to use the net proceeds from this offering to finance a portion of the cash consideration for its previously announced acquisition of Kellstrom Aerospace Group, Inc.Jefferies and RBC Capital Markets are acting as joint l
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News
- VSE Corporation Declares Quarterly Cash DividendBusiness Wire
- VSE Co. (NASDAQ: VSEC) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- VSE Co. (NASDAQ: VSEC) had its price target raised by analysts at Royal Bank of Canada from $125.00 to $135.00. They now have an "outperform" rating on the stock.MarketBeat
- VSE Enhances Aviation Position With Kellstrom Aerospace Acquisition [Yahoo! Finance]Yahoo! Finance
- AE Industrial Partners Completes Sale of Kellstrom Aerospace to VSE Corporation [Yahoo! Finance]Yahoo! Finance
VSEC
Earnings
- 11/6/24 - Beat
VSEC
Sec Filings
- 12/18/24 - Form 8-K
- 12/18/24 - Form 4
- 12/12/24 - Form 4
- VSEC's page on the SEC website