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TriMas Announces Sale of 2 Million Stock Shares
Posted By RVBusiness On December 1, 2011 @ 5:35 pm In Breaking News | No Comments
TriMas Corp., parent to Cequent Performance Products, announced today (Dec. 1) that Heartland Industrial Associates, L.L.C., has agreed to sell 2 million shares of its common stock to Goldman, Sachs & Co. as the sole underwriter in the registered public offering of those shares.
All net proceeds from the sale of the common stock will be received by the selling stockholder. TriMas will not receive any of the proceeds.
The shares are being sold by the selling stockholder pursuant to an effective shelf registration statement. Goldman, Sachs & Co. may offer the shares of common stock from time to time for sale in one or more transactions on the NASDAQ Global Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
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