Andersen Group stock falls on 4.3M share secondary offering

Andersen Group Inc., a provider of tax, valuation and financial advisory services, saw its stock fall by 4.3% in after-hours trading following the announcement of a secondary offering of 4,284,457 shares of Class A common stock. The company disclosed that it will not participate in the offering and will not receive any proceeds, as the selling stockholders granted underwriters a 30-day option to purchase up to an additional 642,668 shares.

Baird, Truist Securities, UBS Investment Bank, and William Blair are managing the proposed offering, with the company operating on a global platform spanning over 180 countries.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.