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Limelight starts offering of 15.3 mln, plus buyback transaction

Friday 2 March 2018 | 12:58 CET | News
Limelight Networks has started an underwritten public offering of almost 15.3 million shares, owned by shareholders affiliated with Goldman Sachs. Limelight has agreed to buy back 1 million shares from the underwriter, and hopes to buy 527,249 more shares, when it closes the offering. The number of shares to be repurchased may be lower, at the discretion of underwriters. Limelight will use cash on hand to fund the buybacks.

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Categories: Fixed
Companies: Limelight Networks
Countries: World
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