Seeking Alpha

Sagent Pharmaceuticals slips on announcement of 4.4M share offering

  • Sagent Pharmaceuticals (SGNT -9.2%) slides after announcing a 4.4M share offering.
  • The company will be offering 3,384,097 shares and other selling shareholders will sell 1,057,530 shares.
  • The underwriters will have a 30-day option to purchase up to an additional 666,244 shares as needed.
  • The company intends to use the net proceeds for general corporate purposes.
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