PHOENIX, Nov. 25, 2013 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the " Company") (Nasdaq:SFM) today announced the pricing of an underwritten public offering of 17,000,000 shares of its common stock by affiliates of Apollo Global Management, LLC (" Apollo"), and certain other stockholders of the Company (collectively, the " Selling Stockholders") at a public offering price of $37.00 per share. The underwriters of the offering have the option, exercisable until December 25, 2013, to purchase up to an additional 2,550,000 shares of common stock from the Selling Stockholders. Apollo is selling approximately 8.8 million of the total shares (10.2 million if the underwriters' option is exercised in full). The offering is scheduled to close on December 2, 2013, subject to customary closing conditions. The Selling Stockholders will receive all of the proceeds from the offering.
Sprouts Farmers Market Announces Pricing Of Public Offering By Selling Stockholders
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts