Deal Details
Follow-On Offering
Summary
Baird served as a co-manager on this offering
About
Caesarstone Sdot-Yam Ltd. (“Caesarstone” or the “Company”) (NASDAQ-GS: CSTE) recently completed a follow-on offering of 7,775,000 shares of common stock at a price of $23.25 per share, generating gross proceeds of approximately $180.8 million. All of the shares offered were sold by selling shareholders of the Company. The Company will not receive any proceeds from the sale of shares in the offering. Caesarstone manufactures high quality engineered quartz surfaces, which are used in both residential and commercial buildings as countertops and other types of interior surfaces. The wide variety of colors, styles, designs and textures of quartz the Company produces, along with the product’s inherent durability, provide consumers with a product competitive with granite, manufactured solid surfaces and laminate. The Company’s products are available in 48 countries around the world. Caesarstone is headquartered in MP Menashe, Israel.For additional information about this transaction, please contact:
- Date
- April 2013
- Company
- Caesarstone Sdot-Yam Ltd.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- Asia
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