Douglas Dynamics Prices Secondary Offering
May 17, 2011 2:54 PM
Douglas Dynamics, Inc. (NYSE:PLOW) announced the pricing of its secondary offering of five million shares of its common stock by certain of its stockholders, including affiliates of Aurora Capital Group and Ares Management, at a price to the public of $14.50 per share. The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 750,000 shares to cover over-allotments, if any.
Credit Suisse Securities (USA) LLC, Oppenheimer & Co. Inc., Robert W. Baird & Co. Incorporated and Piper Jaffray are acting as underwriters for the offering.
The registration statement for Douglas Dynamics relating to these securities was declared effective by the Securities and Exchange Commission.
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