Artio Global Investors Inc. Prices Synthetic
Secondary Public Offering
June 03, 2010 10:19 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Artio Global Investors Inc. (the “Company”) announced today the
pricing of its synthetic secondary public offering of 3,770,229 shares of Class A common stock at $17.33 per share.
The underwriters have the option to purchase from the Company up to an additional 565,534 shares of Class A
common stock, on the same terms and conditions. The Company will not retain any of the net proceeds from the
The Company intends to use the net proceeds to purchase an aggregate of 3,770,229 New Class A Units of Artio
Global Holdings LLC (“Units”) or shares of Class A common stock (“Shares”) (assuming the underwriters’ option
to purchase additional Shares is not exercised) acquired upon exchange of Units from Richard Pell and Rudolph-
Riad Younes, and trusts controlled by them (collectively, the "Principals"), primarily to cover tax obligations arising
as a result of the Principals’ exchanges of Units for Shares (calculated at a deemed rate). The first exchanges by the
Principals occurred on May 18, 2010, and subsequent exchanges are expected to occur in connection with the
closing of this offering.
Following the application of the net proceeds of the offering, and assuming that the underwriters' option to purchase
additional Shares is not exercised, each Principal will have an ownership interest in the Company of approximately
9.84%, or together approximately 19.68% (assuming a full exchange of Units for Shares). If the underwriters' option
to purchase additional Shares is fully exercised, each Principal will have an ownership interest in the Company of
approximately 9.37%, or together approximately 18.74% (assuming a full exchange of Units for Shares).
The Principals’ remaining ownership interests in the Company are subject to a five-year lock-up, under which each
Principal is permitted to sell up to 20% of his Shares on or after the fir