American Recycler News, Inc.

 

KAR Auction makes offer of common stock

KAR Auction Services, Inc. declared the commencement of an underwritten offering of 15.0 million shares of its common stock by existing stockholder KAR Holdings II, LLC, subject to market and other conditions.

The offering will be made pursuant to the company’s existing effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission.