NYSE:ROLCommercial Services
Is a Major Insider Sale and Secondary Offering Reshaping the Investment Case for Rollins (ROL)?
Earlier this week, Rollins, Inc. completed a secondary public offering where existing shareholders sold 17,391,305 common shares at US$57.50 per share, while a major insider, R Randall Rollins Voting Trust UA, reported a sale of 20 million shares totaling approximately US$1.14 billion; the company itself did not issue shares but did repurchase 3,478,260 shares for about US$200 million.
This activity marks a significant change in the company’s ownership structure and adds a meaningful shift...