Compass Diversified sells more of its stake in Fox Factory

By Stephen Frothingham

Compass now owns a third of Fox.

WESTPORT, Conn. (BRAIN) — Suspension brand Fox Factory has bought back some shares from its previous parent company, Compass Diversified Holdings. Compass’ share in Fox has been cut from 41 percent to 33 percent.

To accomplish this, Fox closed on a secondary public offering of 2.5 million shares of common stock at $15.895 per share. Fox then repurchased 500,000 shares of its common stock from Compass.

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Via:: Bicycle Retailer and Industry News