03:16 AM EDT, 10/16/2024 (MT Newswires) -- VSE (VSEC) said late Tuesday it priced an underwritten public offering of about 1.7 million common shares at $87 per share.

The underwriters have been granted a 30-day option to purchase up to 258,620 additional shares.

Net proceeds, estimated to be about $142.5 million, will be used to partially fund the company's pending acquisition of Kellstrom Aerospace Group.

Closing of the offering is expected to occur on Thursday, subject to customary conditions.

Price: 89.00, Change: -1.00, Percent Change: -1.11