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Navigator Gas (NVGS) is undergoing a secondary public offering of 6,000,000 shares by BW Group Limited. NVGS plans to repurchase 3,000,000 shares, which has been upsized to 7,000,000 shares at a price of $15.00. The buyback price is $14.52 per share. Investors have shown interest in NVGS despite a slight pre-market decline.
$NVGS shaking off the BW Group secondary by its BRILLIANT repurchase of 3.5M at $14.52. I got some at 15.50 pre market .. realized going to $15 wasn’t happening! https://t.co/Edx6UpTOBj
$NVGS (-4.7% pre) Navigator Holdings Ltd. (NVGS) Prices Upsized Secondary Public Offering by Selling Shareholder and Concurrent Repurchase of Shares by Navigator Gas - SI https://t.co/X7gKok4lif
$NVGS did such a good job with this secondary. With the upside, it’s buying back 3.5M at $14.52. That’s an amazing deal they got. A+. I sold all mine in the $17s, but if it keeps dipping I’ll happily go back in. https://t.co/7nvCFSt6lA