TAL International Group Announces 3M Share Proposed Secondary Offering by Selling Stockholders
TAL International Group (NYSE: TAL) announced today a public secondary offering of an aggregate of 3,000,000 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. The selling stockholders have granted the underwriter an option for 30 days to purchase up to an aggregate of 450,000 additional shares of common stock to cover overallotments, if any.
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