Global investment firm Carlyle GroupÂ plans to sell the remaining 11.3-percent stake it holds inÂ government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’sÂ 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 forÂ a total market capitalization of $5.64 billion.
Carlyle acquired Booz Allen in 2008 and took itÂ 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 commercialÂ business that PwC subsequently purchased in 2013.
Booz Allen’s stock closed at $19.25 in itsÂ Nov. 17, 2010 initial public offering.