BrightSpring Health Services Inc

Shares of BrightSpring Health Services fell about 4.4% in after-hours trading after the announcement of a secondary placement of 15 million common shares by existing shareholders, including a subsidiary of Kohlberg Kravis Roberts and members of management. BrightSpring itself is not selling any shares and will not receive proceeds from the placement. At the same time, the company approved a share buyback of up to $60 million (up to 10% of the sold shares), to be executed concurrently with the placement; Goldman Sachs is acting as sole book-running manager. » Altro su de.investing.com

Certain selling shareholders of BrightSpring, including a subsidiary of Kohlberg Kravis Roberts & Co. L.P. and members of management, intend to offer 15,000,000 common shares in a secondary placement. BrightSpring itself is not selling any shares; the proceeds will go entirely to the selling shareholders. In parallel, the company approved a buyback of up to 10% of the sold shares or a maximum of $60.0 million at the same placement price; Goldman Sachs & Co. LLC is acting as sole bookrunner. » Altro su de.investing.com