Ats announces c$163 million secondary offering of common shares

Cambridge, ontario, march 27, 2024 (globe newswire) -- ats corporation (tsx: ats) (nyse: ats) (“ats” or the “company”) has announced today that it has entered into an agreement with a fund managed by mason capital management llc (the “selling shareholder”) and scotiabank (the “underwriter”), acting as sole bookrunner, pursuant to which the underwriter has agreed to purchase, on a bought deal basis, 3,500,000 common shares of ats (the “shares”) from the selling shareholder, at a price of c$46.55 per share for gross proceeds to the selling shareholder of approximately c$163 million (the “offering”). the offering is expected to close on or about april 3, 2024 (the “closing”).
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