Industries Banking/Finance

The Carlyle Group to sell 7.35 million shares of Booz Allen stock

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An affiliate of The Carlyle Group plans to sell 7.35 million shares of Booz Allen Hamilton stock for $17.95 a share.

The stock offering is expected to close on Feb. 19. Barclays Capital Inc. is acting as the sole underwriter in the offering.

After the offering is completed, The Carlyle Group will beneficially own about 53 percent of Booz Allen’s outstanding Class A common shares, down from 63 percent..

McLean-based Booz Allen, a management consulting, technology and engineering services firm, is not selling any shares in the offering and will not receive any of the proceeds


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