Deal Details
Follow-on Offering
Summary
Baird served as the sole manager of this transation
About
Commercial Vehicle Group, Inc. (Nasdaq:CVGI) recently completed a 4,370,000 share follow-on offering of its common stock at $6.25 per share. Gross proceeds from the offering totaled approximately $27.3 million. Commercial Vehicle Group intends to use the proceeds from the offering for general corporate and working capital purposes, including the funding of strategic initiatives that the Company may undertake from time to time.Commercial Vehicle Group is a leading supplier of fully integrated cab system solutions to OEMs and their related aftermarket channels in the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the medium-duty (Class 5-7) truck market, the construction and agriculture market and the specialty / military transportation markets. The Company's products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, cabinetry, molded products and floor systems, cab structures and components, mirrors, wiper systems, electronic systems, controls and switches specifically designed for applications in commercial vehicle cabs. The Company is headquartered in New Albany, OH with operations in 27 facilities across seven countries in North America, Europe and Asia.
For additional information about this transaction, please contact:
- Date
- March 2010
- Company
- Commercial Vehicle Group, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
Share
