Apollo selling 12.56M Constellium shares

|About: Apollo Global Management,... (APO)|By:, SA News Editor

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)