Aramark (NYSE: ARMK) announced the pricing of the previously announced underwritten secondary offering (the Offering) of 21,262,245 shares of its common stock offered for sale by a selling stockholder that is a counterparty to a derivative sale agreement with an affiliate of Mantle Ridge LP at a public offering price of US$39.75 per share. Aramark is not selling any shares of its common stock in the Offering and will not receive any proceeds from the Offering. The Offering is expected to close on or about August 11, 2023, subject to customary closing conditions.
Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partners Erika Weinberg and Corey Wright, with associates David Califano, Adam Johnson, James Dorian, and Richard Dacher. Advice was also provided on derivatives matters by New York partner Catherine Lee; on regulatory matters by New York counsel Gail Neely; and on tax matters by New York partner Jiyeon Lee-Lim, with associate Robert Christoffel.