Virgin Group to sell Virgin Galactic shares to support leisure, holiday and travel businesses

Virgin Group announced (11-May-2020) it may offer and sell up to 25 million shares of its common stock in Virgin Galactic Holdings to support its portfolio of global leisure, holiday and travel businesses affected by the "unprecedented impact" of COVID-19. Virgin Galactic's share price is USD19.65 on 11-May-2020, according to the New York Stock Exchange. [more - original PR]