CLARIVATE PLC


Associated tags: PLC, Information services, Clarivate, Intelligence, CLVT, NYSE, Research

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Clarivate Plc Announces Offering of Ordinary Shares

Retrieved on: 
Monday, June 1, 2020
Onex Corporation, Companies of Canada, Corporate finance, Economy of Canada, Companies, Initial public offering

LONDON and PHILADELPHIA, June 1, 2020 /PRNewswire/ -- Clarivate Plc (NYSE:CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, announced today that Clarivate intends to offer 14 million ordinary shares, and affiliated shareholders of Onex Corporation and Baring Private Equity Asia (BPEA) and certain other shareholders intend to offer 26 million ordinary shares in an underwritten public offering.

Key Points: 
  • LONDON and PHILADELPHIA, June 1, 2020 /PRNewswire/ -- Clarivate Plc (NYSE:CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, announced today that Clarivate intends to offer 14 million ordinary shares, and affiliated shareholders of Onex Corporation and Baring Private Equity Asia (BPEA) and certain other shareholders intend to offer 26 million ordinary shares in an underwritten public offering.
  • Certain of the selling shareholders are expected to grant the underwriters an option to purchase up to 6 million additional ordinary shares.
  • Clarivate intends to use its net proceeds from the offering for general corporate purposes.
  • Clarivate will not receive any proceeds from the sale of ordinary shares by the selling shareholders.

Clarivate Plc Announces Offering of Ordinary Shares

Retrieved on: 
Monday, June 1, 2020
Onex Corporation, Companies of Canada, Corporate finance, Economy of Canada, Companies, Initial public offering

LONDON and PHILADELPHIA, June 1, 2020 /PRNewswire/ -- Clarivate Plc (NYSE:CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, announced today that Clarivate intends to offer 14 million ordinary shares, and affiliated shareholders of Onex Corporation and Baring Private Equity Asia (BPEA) and certain other shareholders intend to offer 26 million ordinary shares in an underwritten public offering.

Key Points: 
  • LONDON and PHILADELPHIA, June 1, 2020 /PRNewswire/ -- Clarivate Plc (NYSE:CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, announced today that Clarivate intends to offer 14 million ordinary shares, and affiliated shareholders of Onex Corporation and Baring Private Equity Asia (BPEA) and certain other shareholders intend to offer 26 million ordinary shares in an underwritten public offering.
  • Certain of the selling shareholders are expected to grant the underwriters an option to purchase up to 6 million additional ordinary shares.
  • Clarivate intends to use its net proceeds from the offering for general corporate purposes.
  • Clarivate will not receive any proceeds from the sale of ordinary shares by the selling shareholders.