Mirion Tech drops on pricing secondary share offering

Mirion Technologies

12/05/2023 13:21

** Shares of radiation detection maker Mirion Technologies
Inc  MIR.N  down 5.6% at $7.48 before the bell on overnight
secondary offering
    ** Co announces 7 mln shares sold by Charterhouse Capital
Partners at $7.65, 3.4% discount to last sale, with Citigroup as
sole bookrunner
    ** Private equity firm Charterhouse held ~15 mln MIR shares
for ~6.9% stake prior to the offering, per Refinitiv data
    ** Goldman Sachs is top Mirion investor with ~35 mln shares,
or about 35% stake, according to Refinitiv
    ** Last week, Mirion posted Q1 beat and reaffirmed 2023
guidance of 6%-9% rev growth and adj EPS of 28-34 cents
    ** MIR's shares up 20% YTD through Thurs close

 (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))