Sally Beauty Announces Commencement of a Secondary Common Stock Offering of 15M Shares; $200M Repurchase of Common Stock
Sally Beauty Holdings, Inc. (NYSE: SBH) today announced the underwritten public offering of 15,000,000 shares of its common stock held by investment funds associated with Clayton, Dubilier & Rice, LLC pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission.
The CDR Investors currently own 45,662,971 shares of common stock, or approximately 24.4% of the common stock of the Company (before giving effect to the offering and the share repurchase referenced below). The Company will not receive any proceeds related to the offering, and its total number of shares of common stock outstanding will not change as a result of the offering.
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