(NASDAQ:BRKR) BILLERICA, Mass.--(BUSINESS WIRE)---- $BRKR #BRKR--Bruker Corporation (“Bruker”) (Nasdaq: BRKR) today announced the pricing of its previously announced public offering of $600.0 million of 6.375% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share (the “Mandatory Convertible Preferred Stock”). Bruker has granted the underwriters a 30-day option to purchase up to an additional $90.0 million of Mandatory Convertible Preferred Stock. The offering is expected to close on or about September 8
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How will the mandatory conversion feature and 6.375% coupon affect Bruker's cost of capital and equity dilution?
How does the pricing and size of this preferred offering compare to recent capital raises by peers in the scientific instruments sector?
What are the terms and timeline for conversion, and how might they influence the company's leverage and credit metrics?