Sally Beauty Announces Commencement of a Secondary Common Stock Offering of 20M Shares
Sally Beauty Holdings, Inc. (NYSE: SBH) today announced the underwritten public offering of 20,000,000 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. Upon completion of the offering, the CDR Investors will own approximately 24.51% of the common stock of the Company.
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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