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Americold Realty Trust shareholders selling more than 40 million common shares

Feb 28, 2019 - SNL Real Estate Daily

Americold Realty Trust said certain of its shareholders are selling 40,420,706 common shares in the company in an underwritten public offering.

The offering is expected to include a 30-day option for the underwriters to acquire up to 6,063,105 additional shares.

Based on the temperature-controlled warehouse operator's closing stock price of $28.06 per share on Feb. 27, gross offering proceeds, including the additional-share option, are expected to total approximately $1.30 billion.

Americold noted that it is not selling any shares in the secondary offering and will not receive any proc...