Seeking Alpha

GNC Holdings (GNC) announces a 10M share secondary offering of its Class A common stock. The...

GNC Holdings (GNC) announces a 10M share secondary offering of its Class A common stock. The shares to be sold are by Ares Corporate Opportunities Fund II and Ontario Teachers' Pension Plan Board. The Company is neither issuing nor selling any shares in the offering. In addition, GNC says it's agreed to repurchase 6M shares of its Class A common stock directly from Ares immediately following the closing of the offering. Goldman is the sole underwriter. Shares +1.4% AH.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|