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Boyd Group Services Inc. Announces Closing of US$897 Million Bought Deal Initial Public Offering in the United States
Boyd Group Services Inc. Announces Closing of US$897 Million Bought Deal Initial Public Offering ...
About this update from Boyd Group Services Inc
[{"type":"text","content":"\n\n\nBoyd Group Services Inc. Announces Closing of US$897 Million Bought Deal Initial Public Offering in the United States\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nWINNIPEG, MB, Nov. 4, 2025 /CNW/ - Boyd Group Services Inc. (TSX: BYD) (NYSE: BGSI) (\"BGSI\" or the \"Company\") today announced the closing of its previously-announced bought deal public offering (the \"Offering\") of common shares in Canada and the United States, representing the Company's initial public offering in the United States. The Company issued a total of 6,361,800 common shares, including 829,800 common shares following the exercise in full by the underwriters of their option to purchase additional common shares, at a price of US$141.00 per share, for gross proceeds to the Company of approximately US$897 million.\n\n\n\n\n\n\n\nBGSI intends to use the net proceeds from the Offering to partially fund the acquisition of Joe Hudson's Collision Center, a provider of automotive collision repair services, the details of which were previously announced by the Company. \nNo securities regulatory authority has either approved or disapproved the contents of this press release. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of BGSI, nor shall there be any sale of the securities in any province, territory, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, territory, state or jurisdiction.\nAbout Boyd Group Services Inc.\nBoyd Group Services Inc. is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. BGSI shares trade on the Toronto Stock Exchange under the symbol BYD and on the New York Stock Exchange under the symbol BGSI.\nAbout The Boyd Group Inc.\nThe Boyd Group Inc. (\"Boyd\") is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales. Boyd operates locations in Canada under the trade n...