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Article: Hexcel Corporation Announces Closing of Secondary Offering of Shares by Investors Pursuant to Registration Rights.
- Article from:
- Business Wire
- Article date:
- March 15, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STAMFORD, Conn. -- Hexcel Corporation (NYSE/PCX: HXL) today announced the closing of a secondary offering of 21,433,306 shares of common stock by certain of its stockholders. Hexcel has approximately 93 million shares outstanding.
All of the 21,433,306 shares were sold by stockholders of Hexcel. Approximately 12.8 million of the shares were sold by affiliates of The Goldman Sachs Group, Inc., which held approximately 15.2% of Hexcel's outstanding common stock prior to the offering and now hold approximately 1.4% of Hexcel's outstanding common stock. Approximately 8.6 million of the shares were sold by affiliates of Berkshire Partners LLC and Greenbriar Equity ...