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Hardwoods Distribution Inc. (HDI.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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42.94+1.04 (+2.48%)
As of 12:15PM EST. Market open.
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    HDI Announces $87.5 Million Public Offering of Common Shares

    Hardwoods Distribution Inc. (TSX: HDI) ("HDI" or the "Company") today announced that it has entered into an agreement with Cormark Securities Inc. and National Bank Financial Inc., acting as co-leads and joint bookrunners, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase 2,023,200 common shares (the "Common Shares") from the treasury of the Company, at a price of $43.25 per Common Share and offer them to the p