- Ares Management (NYSE:ARES) launches a secondary offering of about 7.5M shares being sold by Aub Dhabi. The shares are being offered at $19.50-$20.50 each, according to Bloomberg. Ares closed today at $22.
- The underwriters will get a greenshoe option for up to about another 1.125M shares.
- Ares will receive no proceeds from the sale.
Ares Management backer is selling shares
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Symbol | Last Price | % Chg |
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ARES | - | - |
Ares Management Corporation |