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Carlyle Group’s Booz Allen Ownership Stake to Become 29%

Booz Allen HamiltonThe Carlyle Group will reduce its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 29 percent after the equity and investment firm sold 12 million shares to Morgan Stanley & Co. for approximately $353 billion, or $29.42 per share.

Booz Allen said Monday it expects to close and settle the transaction Friday, then Morgan Stanley will reserve 1 million shares for Booz Allen to repurchase a per share price equal to the initial offering.

This announcement comes early three months after Carlyle Group said it would cut its stake in Booz Allen to 37 percent through a sale of shares to J.P. Morgan Securities.

Morgan Stanley will offer the 12 million shares of stock to the public at a fixed price, Booz Allen said.

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