Defense co V2X drops on secondary offering

V2X

05/09/2024 13:40

** V2X Inc's  VVX.N  shares down 5.2% at $50.60 premarket
after overnight secondary offering priced
    ** Mclean, Virginia-based co, which provides solutions
primarily to defense clients, late Weds announced 2 mln shares
at $48, 10% discount to last sale
    ** American Industrial Partners is the seller, per the SEC
prospectus filing
    ** Offering reduces PE firm's holdings to ~16.97 mln shares,
or 54.4% stake
    ** Through Weds, VVX shares up ~15% YTD
    ** Goldman Sachs, Morgan Stanley and Baird leading the
secondary offering

 (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))