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Univar (UNVR) Stock Falls After Pricing Public Offering

NEW YORK (TheStreet) -- Shares of Univar (UNVR) were retreating 6.57% to $18.78 on heavy trading volume mid-Tuesday morning after pricing a stock offering below yesterday's closing price.

The Downers Grove, IL-based chemical distribution company priced a public offering of nearly 21 million shares of common stock at $19 each.

This was lower than the stock's closing price of $20.10 on Monday.

Univar expects the offering to close on August 18, with all of the net proceeds going to the selling...