Triple-S Management (GTS -4.8%) slides after pricing a secondary offering of 5.4M Class B shares...

|About: Triple-S Management Corpora... (GTS)|By:, SA News Editor

Triple-S Management (GTS -4.8%) slides after pricing a secondary offering of 5.4M Class B shares at $18.25, a 4.5% discount to Thursday's close. As part of the Offering, 4,400,368 shares were sold to the public in a conversion from Class A shares, and 1M shares were purchased by the Company. Triple-S will not receive any proceeds from the Offering.