Shares of Sovos Brands Inc. dropped 4.7% in premarket trading Tuesday, after the parent of Rao’s pasta and sauce and Noosa yogurt announced the pricing of...
Shares of Sovos Brands Inc. dropped 4.7% in premarket trading Tuesday, after the parent of Rao’s pasta and sauce and Noosa yogurt announced the pricing of its stock offering. The company said its secondary public offering of 10 million shares, announced late Monday, priced at $17.50 a share, which was a 6.1% discount to Monday’s closing price of $18.63. The company did not receive any proceeds from the offering, as all of the shares were offered by selling stockholders.
7% in premarket trading Tuesday, after the parent of Rao’s pasta and sauce and Noosa yogurt announced the pricing of its stock offering. The company said its secondary public offering of 10 million shares, announced late Monday, priced at $17.50 a share, which was a 6.1% discount to Monday’s closing price of $18.63. The company did not receive any proceeds from the offering, as all of the shares were offered by selling stockholders.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Celebrity Obsession With Creating Beauty Brands Needs To EndFrom J.Lo to Hailey Bieber and Vanessa Hudgens, celebrities all seem to be launching beauty lines now. But are they worth the hype?
Read more »
Conservatives Foment Outrage Against Another Beer Getting Too 'Woke'This time, one of Budweiser's sister brands is the target.
Read more »
One of the first smartphone brands sold in the U.S. is leaving the consumer phone businessKyocera is exiting the consumer smartphone business as its president says that it cannot make a profit thanks to the extra costs of supporting 5G.
Read more »
Charles Schwab's shares climb after an upgrade. Here's what the experts say to do nextPros on CNBC discussed Charles Schwab's shares after an analyst upgraded the stock.
Read more »
Capital One stock rallies and Home Depot shares dip, and other companies on the moveCapital One Financial Corp.'s shares rose 6% after Warren Buffett’s Berkshire Hathaway Inc. took a near $1 billion bet on the credit card and banking group
Read more »
Stock market today: World shares mixed after China economic data weaker than expectedEuropean shares were trading mostly higher after a mixed session in Asia following the release of data showing China’s economy is weaker than expected, with domestic demand failing to bounce back as much as hoped for after the pandemic.
Read more »