Hello, Guest!
  • Friday, November 22, 2024

Carlyle Group Reduces Booz Allen Ownership Stake to 11.3%

BoozAllenLogoThe Carlyle Group (Nasdaq: CG) has cut its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 11.3 percent after the private equity firm sold 13 million shares to Morgan Stanley & Co. for $377.13 million.

Booz Allen said Monday the transaction is valued at $29.01 per share and the sale will close by May 27.

Morgan Stanley will offer the 13 million shares of Class A common stock to the public at a fixed price, according to Booz Allen.

Carlyle Group last reduced its Booz Allen stake to 20 percent in November through a sale of 13 million shares to Credit Suisse.

Booz Allen reached a 52-week high of $31.24.

Shares in Booz Allen have declined 5.96 percent since the start of the year and have risen 15.53 percent over 12 months.

Video of the Day

Related Articles

L3Harris Board Approves $3B Stock Repurchase, $1.12 Dividend Financial Reports

L3Harris Board Approves $3B Stock Repurchase, $1.12 Dividend

L3Harris Technologies‘ (NYSE: LHX) board of directors has approved a plan to repurchase another $3.0 billion of its common stock. The Melbourne, Florida-based defense technology supplier said Friday the additional stock re-acquisition will bring total buyback authorization for L3Harris to approximately $4.5 billion. Stockholders of record as of Nov. 18 will receive a quarterly cash

Raytheon to Pay Shareholders 55-Cent Quarterly Dividend Financial Reports

Raytheon to Pay Shareholders 55-Cent Quarterly Dividend

Shareowners in Raytheon Technologies (NYSE: RTX) will receive a quarterly dividend of 55 cents from the company on Sept. 8. Raytheon said Monday its board of directors approved the payment to stockholders of record as of Aug. 19, 2022. The aerospace and defense contractor expects to return $20 billion of capital to shareholders in the

General Dynamics Board OKs $1.26 Dividend for Shareholders Financial Reports

General Dynamics Board OKs $1.26 Dividend for Shareholders

General Dynamics‘ (NYSE: GD) board of directors has approved a quarterly cash dividend of $1.26 on the company’s common stock. The aerospace and defense company said Wednesday it will give the dividend on Aug. 5 to holders of the common stock as of July 1. Reston, Virginia-based General Dynamics posted flat revenue of $9.4 billion