Milacron Holdings Corp. has priced its secondary offering of 12 million shares of common stock: $16.25 per share.
That would raise $195 million. The offering is expected to close on Feb. 6.
The company is not selling any shares in the offering, which will be made by selling shareholders, and Milacron will not receive any proceeds from the sale.
Milacron's pricing announcement on Jan. 31 does not identify the “certain selling shareholders.” But filings with the Securities and Exchange Commission say that the major shareholder, private equity firm CCMP Capital Advisors LLC, which now owns 60.4 percent of the shares, is expected to own about 46.1 percent of Milacron's common stock after the secondary offering, or 43.9 percent if the underwriters exercise an option to purchase additional shares.