Agilon Health Inc AGL Shares are moving lower in Monday’s after-hours session after the company made the announcement a second offer.
What happened: Agilon plans it Offer 70 million shares of its common shares in a secondary public offering by selling shareholder CD&R Vector Holdings, LP. The selling shareholder expects to grant the underwriters a 30-day option to purchase up to an additional 10.5 million shares.
In addition to the offering, Agilon intends to purchase approximately $200 million of common shares from the underwriters at the same price per share as in the offering. The company said it will fund the purchase with cash.
Agilon health aims to enable physicians to transform healthcare by accelerating physicians’ transition to a values-based model of care for older patients.
AGL Price Promotion: Agilon Shares were down 7.43% in after-hours trading at the time of writing to $22.04 Gasoline Pro.
Photo: Julio Cesar Velasquez Mejía from Pixabay.
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