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Descartes Systems Group Inc announces closing of public offering and full exercise of over-allotment option by underwriters

Wednesday, 2 Jul 2014 09:02am EDT 

Descartes Systems Group Inc:Completed offering of common shares in United States and Canada at price of $13.50 per common share.Says total offering of 10,925,000 common shares included exercise in full by underwriters of 15 pct over-allotment option to purchase an additional 1,425,000 common Shares on the same terms and conditions.Says resulting in additional gross proceeds of $19,237,500 for aggregate gross proceeds to Descartes of $147,487,500.Offering was made through underwriting group co-led by Morgan Stanley, Barclays and GMP Securities L.P., who acted as joint book-running managers of offering and as representatives of underwriters, which included Canaccord Genuity Inc., Raymond James Ltd., TD Securities Inc and William Blair.Intends to use net proceeds of the offering for general corporate purposes. 

Company Quote

-0.25 -1.77%
29 Sep 2014