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Company News

BUZZ-Canada Goose: Down on 10 mln share secondary offering

** Canada Goose U.S. listed shares down ~4 pct premarket as sponsor Bain Capital reduces its holdings in the luxury parka maker

** Co announced after the close Mon sale of 10 mln subordinate voting shares by certain shareholders, including exec officers and directors

** PE firm Bain selling ~8.5 mln shares but will still own ~31 mln shares and have 54 pct voting control. Prospectus filing: bit.ly/2PZiJ1o

** Joint bookrunners Credit Suisse and CIBC bought the shares and reoffering them at $65.15, roughly 2 pct discount to stock’s Mon close, sources say

** U.S.-listed shares soared to record high $72.27 on Nov 14 after co’s beat-and-raise qtrly report

** Both TSE-listed shares and GOOS.N have more than doubled in 2018

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