The Carlyle Group (CG) announced after the close Monday that CalPERS is selling 11,062,133 of the company's common units in an underwritten public offering.
The Carlyle Group gapped open lower Tuesday and fell in early trade, before settling into a narrow range. Shares finished down by 1.57 at $27.82. The stock dropped to a 4 1/2 month low and fell below its 200-day moving average.
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