IHS Chemical Week

People & Business :: Earnings/Finance

Apollo prices Taminco share offer

9:36 AM MST | December 12, 2013 | Vincent Valk

Private equity firm Apollo Management (New York) has priced its secondary public offering, which was announced earlier this week, of 10 million Taminco shares at $20/share. Apollo, the largest Taminco shareholder, will own about 53.5% of the company after the offer closes, which is expected to occur on 17 December. Taminco shares closed at $20.84 on 11 December, and the company has about 66.4 million shares...

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