Compass Diversified Holdings (Nasdaq: CODI - News; "CODI" or the "Company") announced today that it priced a public offering of 5,100,000 trust shares at $8.85 per share, raising $45.1 million in gross proceeds. The underwriters will have a 30-day option to purchase up to an additional 765,000 trust shares from CODI to cover over-allotments. CODI expects to use the net proceeds from the offering for general corporate purposes. The closing is expected to occur on or about June 9, 2009, subject to customary closing conditions.
Morgan Stanley was the sole book-running manager on the offering, with Janney Montgomery Scott; Morgan Keegan & Company, Inc.; RBC Capital Markets Corporation; and Stifel, Nicolaus & Company, Incorporated acting as co-managers.
The shares were issued pursuant to CODI's shelf registration statement filed with the Securities and Exchange Commission on May 18, 2009.
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