Market Overview

TAL International Group Announces Proposed Secondary Offering of 5M Shares by Selling Stockholders

TAL International Group, Inc. (NYSE: TAL) announced today a public secondary offering of an aggregate of 5,000,000 shares of common stock by certain selling stockholders of the Company, including affiliated funds of The Jordan Company, L.P., JZ Capital Partners Limited and Edgewater Growth Capital Partners, L.P. The Company will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders in this offering.

Assuming all of the 5,000,000 shares are sold in the offering, the selling stockholders aggregate ownership in the Company will decrease from approximately 27% to approximately 12%, with The Jordan Company, L.P. at 9.9%, JZ Capital Partners Limited at 1.1% and Edgewater Growth Capital Partners, L.P. at 1.1%. The selling stockholders have also granted the underwriter an option for 30 days to purchase up to an aggregate of 750,000 additional shares of common stock.

Posted-In: News Offerings

 

Related Articles (TAL)

Around the Web, We're Loving...

Get Benzinga's Newsletters