MILWAUKEE (AFX) - Brady Corp., a maker of safety labels and devices, said Tuesday it completed a public offering of 4 million Class A shares of common stock at $36 apiece.
The company netted about $137 million, after taking out underwriting discounts. Brady will use the proceeds to repay debt and for possible future acquisitions.
The bookrunning manager on the offering was Robert W. Baird Co.
Shares of Brady fell 48 cents to close at $35.81 on the New York Stock Exchange.
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