Kratos announces a public offering of approximately 12.99 million shares of its common stock at a price of $38.50 per share. The company anticipates net proceeds of approximately $483.75 million.

Shares of Kratos Defense & Security Solutions fell after the company said it plans to offer $500 million of its common stock in an underwritten offering. Kratos stock was down 6.2%, at $39.49 ...