Medline Inc. shareholders are offering 75 million shares in the company, capitalizing on a rally in the medical supplier’s stock since its debut late last year. Shareholders including Blackstone Inc., Carlyle Group Inc., Hellman & Friedman and the Abu Dhabi Investment Authority are offering the shares, according to a Tuesday morning filing. The stake would be worth $3.4 billion at Monday’s closing price, according to Bloomberg calculations. The stock had rallied 58% since its $7.2 billion initial public offering in December, which was the largest of the year, through Monday’s close.
Read the full article: Medline’s PE Backers Start Stake Sale Worth $3.4B //
Source: https://news.bloomberglaw.com/bankruptcy-law/medlines-pe-backers-start-stake-sale-worth-3-4-billion