MGP Ingredients (MGPI) said Wednesday that certain shareholders plan to sell up to 4.9 million shares of MGP Ingredient's common stock.
The selling shareholders obtained these shares through a merger involving MGP Ingredients, London HoldCo, Luxco Group, and other affiliated entities, the company said.
The company will not receive any proceeds from the sale of these shares, it added.
Shares of MGP Ingredients were up over 1% in recent trading.
Price: 33.00, Change: +0.41, Percent Change: +1.26
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.