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Update: Andersen Shares Rise After Pricing of $188.5 Million Secondary Offering

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(Updates with recent stock movement in the headline and the first paragraph.)

Andersen (ANDG) shares were up 10% in Thursday afternoon trading after the company said late Wednesday it priced a public offering of 4.3 million shares by certain selling stockholders at $44 per share for estimated gross proceeds of about $188.5 million.

The selling stockholders also granted the underwriters a 30-day overallotment option to purchase up to an additional 642,668 shares of class A common stock.

The offering is expected to close Friday, the company said.

Price: $49.53, Change: $+4.51, Percent Change: +10.01%

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Update: Andersen Shares Rise After Pricing of $188.5 Million Secondary Offering | FINWIRES