Westaim Corp (TSE:WED) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Westaim Corporation is offloading 4.4 million shares of Skyward Specialty Insurance Group via a secondary public offering, with an additional option for underwriters to purchase up to 660,000 more shares. The transaction is being managed by top financial institutions including Barclays and Jefferies, but proceeds from the share sale will go to the Selling Stockholder, not Skyward Specialty. Westaim, known for investment in the financial services sector, aims to enhance shareholder value through such strategic sales.
For further insights into TSE:WED stock, check out TipRanks’ Stock Analysis page.