WATERLOO, Ontario, June 05, 2019 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. ("Descartes") (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, today announced the pricing of its public offering of common shares in the United States and Canada. Descartes will offer 6,000,000 common shares at a price of US$35.50 per common share, for gross proceeds of US$213,000,000. The underwriters also have the option to purchase up to 900,000 additional common shares on the same terms and conditions, to cover their over-allocation position, if any, exercisable at any time not later than the 30th day after the date of the final prospectus supplement. If the option is exercised in full, the aggregate gross proceeds of the offering will be US$244,950,000. The offering is scheduled to close on June 10, 2019, subject to customary closing conditions and approval by the Toronto Stock Exchange.
Descartes Announces Pricing of Public Offering
Jun 06, 2019
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