BUZZ-VSE Corp soars to record after acquisition-related stock offering
** Shares of aviation services firm VSE Corp rise as much as 10.5% to $99.49, an all-time record, early Weds after securing equity raise to fund acquisition
** Stock on track for biggest one-day pct gain since May 2, 2023 ** Co late Tues pricing ~1.7 mln share offering at $87 with Jefferies and RBC as jt lead bookrunners
** It plans to use expected net proceeds of $142.5 mln to finance cash portion for buy of
** Prior to offering, VSEC had ~18.4 mln shares outstanding
** With move on the session, shares up ~54% YTD following ~38% gain last year
(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))
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