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As Colfax works to complete split, it plans to raise $618 million through stock offering

March 18, 2021

Shares of Colfax Corp. fell 2% in trading on Wednesday after the company disclosed plans to raise at least $618 million through a common stock offering. The Annapolis Junction-based company priced a public offering of 14 million shares of common stock at $46 per share, according to a news release late Tuesday. Colfax first disclosed plans for the offering on Monday, less than two weeks after the company announced it intends to split into two separate entities next year.

Article Source: Baltimore Business Journal

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