04:55 PM EDT, 05/29/2024 (MT Newswires) -- Bruker ( BRKR ) shares dropped 5% in after-hours trading Wednesday after the company announced a public offering of 6 million shares.

Underwriters probably will get a 30-day option to purchase up to an additional 900,000 shares, the company said Wednesday.

Bruker ( BRKR ) intends to use net proceeds to reduce debt following recent acquisitions, including a portion of borrowings under its revolving credit agreement dated Jan. 18.

Price: 68.90, Change: -3.65, Percent Change: -5.03