- RetailMeNot (NASDAQ:SALE) is 8.3% lower premarket amid news that private-equity firm Austin Ventures is distributing its common stock holdings to partners.
- Affiliates of Austin Ventures held 7.6M shares, or 14.6% of the company. Austin Ventures made a similar move last month, with its holdings of Bazaarvoice.
- Shares are down 30% YTD, primarily due to a tumble on Aug. 4 after Q2 earnings. The firm made up ground after Q3 earnings earlier this month.
- Previously: RetailMeNot +19.7% premarket on earnings beat, boosted guidance (Nov. 03 2015)