Fresh Market (TFM -4.9%) slides after the high-end grocer announces a 10M-share secondary...

|About: The Fresh Market (TFM)|By:, SA News Editor

Fresh Market (TFM -4.9%) slides after the high-end grocer announces a 10M-share secondary offering of its common stock worth ~$525M by members of the founding Berry family. Following the sale, the family will own 21% of TFM's outstanding shares. TFM won't get any of the proceeds from the secondary offering.