Platform prices stock offer at $26.50/share, upping value to $420 million

摘要

Blank-check acquisition firm Platform Specialty Products (West Palm Beach, FL) has priced its recently-announced stock offering at $26.50/share, with gross proceeds expected to total $420 million. The company is selling 15,849,056 shares, plus another 2,777,358 million shares available to underwriters. The offering was announced last week, and was originally expected to raise $350 million. Most of the proceeds from the stock sale will fund the $365 million acquisition of OM Group’s electronic chemicals and photomasks business, which was announced in early June.