TEAM, INC. Announces Stellex Capital Management Has Become Its Largest Common Equity Shareholder Following Significant Additional Investment
Stellex Capital Management has purchased 1,604,326 shares from Corre Partners at $35.50 per share, increasing its ownership to approximately 35% and becoming Team’s largest common equity shareholder. The privately negotiated transaction was between existing stakeholders, so the Company did not issue any shares and will not receive any proceeds.
Key figures
- Shares acquired
- 1604326
- Ownership percentage
- 35%
- Purchase price per share
- 35.5
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