Booz Allen Hamilton Announces Secondary Public Offering Of $10 Mln Shares

(RTTNews) - Booz Allen Hamilton Holding Corp. (BAH), the parent company of Booz Allen Hamilton Inc., Monday said it has started a secondary public offering of 10 million shares of Class A common stock by an affiliate of The Carlyle Group.

The underwriters have been granted a 30-day option to purchase an aggregate of up to 1.5 million additional shares of common stock from Carlyle.

Upon close of the offering, Carlyle will own approximately 60.2 percent of the outstanding common stock of Booz Allen, or approximately 59.2 percent if the underwriters fully exercise their option to purchase additional shares.

Booz Allen will not selling any shares of common stock in the offering and will not receive any of the proceeds.