Home / Financial Report / Carlyle Group to Sell All Remaining Booz Allen Shares

Carlyle Group to Sell All Remaining Booz Allen Shares

BoozAllenLogoGlobal investment firm Carlyle Group plans to sell the remaining 11.3-percent stake it holds in government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’s initial public offering.

Booz Allen said Thursday it expects Carlyle’s divestiture of 16.7 million shares for $36.75 each through a secondary offering to close Dec. 6.

Shares in Booz Allen closed at $37.81 Wednesday for a total market capitalization of $5.64 billion.

Carlyle acquired Booz Allen in 2008 and took it public two years later upon the completion of the firm’s separation into a government services unit that retained the Booz Allen Hamilton name and a commercial business that PwC subsequently purchased in 2013.

Booz Allen’s stock closed at $19.25 in its Nov. 17, 2010 initial public offering.

Check Also

BAE-Iveco Team Wins Potential $1.2B Contract to Build Marines’ Amphibious Combat Vehicles

A BAE Systems–Iveco Defence Vehicles team has beaten the team of Science Applications International Corp. (NYSE: SAIC) and ST …

Army Selects 8 Firms for Potential $2.4B Military, Civilian Training Contract

Eight companies have won positions on a potential five-year, $2.4 billion contract from the U.S. Army …