TriMas Will Sell 1.5M Shares to Deutsche Bank
TriMas Corp., parent to RV supplier Cequent Performance Products, announced that Heartland Industrial Associates L.L.C. has agreed to sell 1.5 million shares of its common stock to Deutsche Bank Securities Inc. as the sole underwriter in the registered public offering of those shares.
Streetinsider.com reported that 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 total number of outstanding shares of TriMas common stock will not change as a result of this offering.