Roper Industries, Inc. (ROP) said Tuesday that it has priced a registered public offering of 2.3 million shares at $53.15 per share.
The net proceeds of the offering are expected to be about $121 million after underwriting discounts and commissions and estimated offering expenses.
The offering is being made in conjunction with the company's inclusion in the S&P 500 index, which became effective after trading on the NYSE closed on December 22. The offering is expected to close on December 29.
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