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Apollo selling 10 million Taminco shares in public offering

3:34 PM MST | December 9, 2013 | Vincent Valk

Private equity firm Apollo Management (New York) is selling 10 million shares on Taminco in a secondary public offering, the company says. Apollo, which owns 70.5% of Taminco currently, will own about 53.5% of the company after the offering is complete. The price of the shares has not been disclosed, although Taminco closed at $21.62/share on 9 December. Citigroup, Goldman Sachs, Credit Suisse, Deutsche Bank, Jefferies, Morgan Stanley and UBS are joint book-running managers for the offering. Taminco currently has about 66.4 million shares...

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