IDEX Corporation Announces that KKR Associates, L.P. Will Sell 1.35 Million Shares of IDEX Common Stock
IDEX Corporation (NYSE: IEX) today announced a secondary public offering of 1.35 million shares of its common stock. All of the shares are being offered by KKR Associates, L.P. This offering will not increase the number of IDEX shares outstanding, and IDEX will not receive any proceeds from this offering. Banc of America Securities LLC will act as sole book running underwriter for the offering.
The shares will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. Copies of the prospectus supplement, when available, may be obtained from Banc of America Securities LLC.
IDEX Corporation is a manufacturer of pumps and metering products, dispensing equipment, and other engineered products. Its products are sold to a wide range of industries throughout the world. IDEX shares are traded on the New York Stock Exchange and Chicago Stock Exchange under the symbol "IEX."
Source: IDEX Corporation