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BRIEF-Old Mutual says OM Asset Management launches secondary share offering
May 16, 2017 / 6:13 AM / 7 months ago

BRIEF-Old Mutual says OM Asset Management launches secondary share offering

May 16 (Reuters) - Old Mutual Plc:

* OMAM announces launch of secondary offering and entry into private repurchase agreement

* OM Asset Management Plc has launched a public offering of 17.3 million of its ordinary shares

* Ordinary shares are being offered by Old Mutual, through its wholly owned subsidiary, OM Group (UK) Ltd

* Underwriters also have a 30-day option to purchase up to an additional 2.595 million ordinary shares at price set forth

* Morgan Stanley & Co LLC is acting as sole book running manager for offering Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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