Agilon health falls as PE firm CD&R to slash stake

Agilon Health

15/05/2023 21:51

** Agilon health inc's  AGL.N  shares down 6% in extended
trading on secondary offering launch
    ** Healthcare services co announces sale of 70 mln shares by
Clayton, Dubilier & Rice (CD&R)
    ** Also, co plans to buy approx $200 mln of shares from the
underwriters
    ** Private equity firm CD&R owns ~194.6 mln AGL shares, or
~47% stake, per Refinitiv
    ** JP Morgan and Goldman Sachs lead bookrunners for the
offering
    ** AGL's stock on Mon closed down 1.4% at $23.81 but is up
47.5% YTD  

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))