Brief: Sterling Announces Launch Of Secondary Public Offering
06/06/2023 21:09
June 6 (Reuters) - Sterling Check Corp STER.O :
* STERLING ANNOUNCES LAUNCH OF SECONDARY PUBLIC OFFERING AND
CONCURRENT SHARE REPURCHASE
* STERLING CHECK-UNDERWRITTEN SECONDARY PUBLIC OFFERING OF 8
MILLION SHARES OF COMMON STOCK BY CERTAIN EXISTING STOCKHOLDERS
RELATED TO GOLDMAN SACHS GROUP
* STERLING CHECK - GOT INTO SHARE REPURCHASE AGREEMENT WITH
ONE OF
SELLING STOCKHOLDERS POST WHICH INTENDS TO REPURCHASE 1 MILLION
SHARES OF COMMON STOCK
* STERLING CHECK CORP - SHARE REPURCHASE IS EXPECTED TO BE
FUNDED
FROM CASH ON HAND
Source text for Eikon: ID:nGNX8Tj9KJ
Further company coverage: STER.O
((Reuters.Briefs@thomsonreuters.com;))
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