Mirion Tech dips as top investor cuts stake in secondary offering

Mirion Technologies

03/03/2023 13:47

** Mirion Technologies Inc's  MIR.N  shares down 1.6% at
$9.05 premarket volume after radiation detection maker's
secondary offering prices
    ** Co late Thurs announced ~9.8 mln shares sold by
Charterhouse Capital Partners at $8.75, 4.9% discount to last
sale with Jefferies as sole bookrunner
    ** Prior to offering, PE firm Charterhouse was top MIR
holder with ~24.75 mln shares for ~12.5% stake
    ** Last week, MIR sold 17.1 mln shares to asset manager T
Rowe Price  TROW.O  at $8.75 for $150 mln in direct offering
    ** MIR said it would use approx $125 mln of net proceeds to
repay debt
    ** Through Thurs close, MIR shares have rallied 39% YTD
after losing 37% in 2022

 (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))