- Hyatt Hotels Corp (NYSE:H) has priced the public offering of 7 million shares of its Class A common stock at $74.50 per share.
- The offer price represents a 1.2% discount to Hyatt’s closing price on September 23, 2021.
- The underwriters have a 30-day option to buy up to an additional 1.05 million shares.
- Related Content: Hyatt Hotels Begins Equity Offering To Fund Apple Leisure Acquisition.
- The company estimates that the net proceeds from the offering, after underwriting discount and estimated expenses, to be about $500 million or $575 million if the underwriters exercise their option in full.
- The company intends to use the net proceeds of the offering to fund a portion of the purchase price for its pending acquisition of Apple Leisure Group.
- Price Action: H shares closed higher by 2.36% at $75.42 on Wednesday.
DaVita Q3 EPS $2.36 Beats $2.25 Estimate, Sales $2.94B Beat $2.93B Estimate
DaVita (NYSE:DVA) reported quarterly earnings of $2.36 per share which beat the analyst consensus estimate of $2.25 by 4.89 percent. This is a 31.11 percent increase over earnings of $1.80 per share from the same period
