KMG Chemicals, Inc. Follow-On Offering
Davis Polk advised the representative of the several underwriters in connection with the $186.3 million follow-on offering of 3,450,000 shares of common stock of KMG Chemicals, Inc., which included 450,000 shares from the full exercise of the underwriters’ option to purchase additional shares. The common stock is listed on the NYSE under the symbol “KMG.”
KMG, through its subsidiaries, produces and distributes specialty chemicals and performance materials for the semiconductor, industrial wood preservation and pipeline and energy markets.
The Davis Polk corporate team included partner Michael Kaplan and associates Cameron C. Lewis and Bria J.M. Cunningham. The environmental team included counsel Loyti Cheng. The tax team included partner John D. Paton and associate Omer Harel. Members of the Davis Polk team are based in the New York and London offices.