BROOMFIELD, Colo., Dec. 2, 2013 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq:NDLS) today announced that it has commenced the previously announced public offering of its Class A common stock (the "Offering"). In the Offering, which is subject to market and other conditions, the Company and certain of the Company's stockholders intend to offer 4,500,000 shares of Class A common stock for sale and grant the underwriters the right to purchase up to 675,000 additional shares from the Company and certain of the Company's stockholders, solely to cover over-allotments, if any. All of the shares in the Offering are being offered by selling stockholders, except for up to approximately 123,000 shares being offered by the Company in the Offering (including the over-allotment option), the proceeds of which will be used by the Company to repurchase the same number of shares from certain of its officers (the "Repurchase").
Noodles & Company Commences Proposed Offering Of Common Stock
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