REV Issues Price on Offering of Secondary Stock

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October 13, 2017 by   Comments Off on REV Issues Price on Offering of Secondary Stock

REV Group Inc. announced the public offering pricing price of 10 million shares of common stock by certain selling stockholders as $27.25 per share.

According to a press release, the selling stockholders have granted the underwriters an option to purchase up to 1.5 million additional shares of common stock. REV Group is not selling any shares of common stock in the offering, and REV Group will not receive any proceeds from the offering by the selling stockholders. The offering is expected to close on or about Oct. 17 subject to customary closing conditions.

Goldman Sachs & Co. LLC, Morgan Stanley, Baird and Credit Suisse are acting as joint lead book-running managers and representatives of the underwriters for the offering. BMO Capital Markets, Deutsche Bank Securities, Jefferies, Wells Fargo Securities, Stifel and SunTrust Robinson Humphrey are also acting as joint book-running managers for the offering.

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