Generac withdraws secondary stock offering

Waukesha-based Generac Holdings Inc. announced that due to market conditions, the secondary offering of shares of the company’s common stock by certain selling stockholders is being withdrawn from the marketplace.

The company had hoped that certain stockholders, including directors and senior executives at the firm, would put up for sale 11.5 million common shares in a secondary offering.
Generac’s stock was trading at $33.80 per share this morning, far above its 52-week low of $18.35, but below its 52-week high of $39.18.
Since 1959, Generac has been a designer and manufacturer of a wide range of generators and other engine powered products.

 

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