Author: Ross Wilkers|| Date Published: December 1, 2016
Global 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.
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Global 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.
