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Wright Medical Group (WMGI) Is Heading Lower After Offering Announcement

Wright Medical Group (WMGI) announced after the close Monday that TMG Holdings Coöperatief U.A., an affiliate of Warburg Pincus, intends to offer for sale 6,221,809 of its ordinary shares. The stock is now down 0.39 on 61K shares.

Wright Medical Group traded in a range for the majority of Monday's session and closed up by 0.14 at $19.24. The stock closed challenging the upper end of a 5-week trading range.

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