Investors Snag MIK 15.8% Cheaper Than Its Secondary Stock Offering
October 13, 2016 at 11:17 AM EDT
Looking back to 92 days ago, Michaels Companies Inc (MIK) priced a 11,000,000 share secondary stock offering at $27.85 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time..