Seeking Alpha

Apollo selling 12.56M Constellium shares

  • An affiliate of Apollo Global Management (APO) is selling 12.56M shares in Constellium (CSTM +2.5%) in an underwritten offering.
  • Constellium is not selling any shares in the deal.
  • The company has 105M shares outstanding, of which 72.85M are floated.
  • Shares closed at 27.75 yesterday. (PR)
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