Mirion Technologies (NYSE: MIR), a company that specializes in radiation safety products, was positively radiant on the stock exchange Friday. Investors bid its stock up by almost 11% across the trading session, on several pieces of financing news and an analyst’s positive take. That rise was well higher than the 0.6% advance of the S&P 500 index on the day.
Just after midnight Thursday, Mirion set the pricing of a planned secondary stock issue. It is selling just over 17.3 million shares of its Class A common stock in a public offering at $21.35 per share. All told, it stands to reap just under $370 million in gross proceeds from the issue, which is higher than the $350 million it originally counted on.
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