Medline Stock Slides After Major Shareholders Announce Large Secondary Sale
Medline Industries Inc. shares fell 4.4% to $43.84 in premarket trading after several of its largest shareholders filed a prospectus for a 75 million-share secondary offering. The sellers include Blackstone, Carlyle, Hellman & Friedman and the Abu Dhabi Investment Authority, with the offering overseen by four global investment banks. The prospectus…