right Horizons Family
Solutions Inc. BFAM (the "Company") today announced that certain of
its stockholders (the "Selling Stockholders") intend to offer for sale
3,000,000 shares of its common stock pursuant to the Company's shelf
registration statement filed with the Securities and Exchange Commission, of
which the Company intends to repurchase from the underwriter 1,250,000
shares of common stock.
The Selling Stockholders will receive all of the net proceeds from this
offering. No shares are being sold by the Company.
The Company's per-share purchase price for the repurchased shares will be
the same as the per-share purchase price payable by the underwriter to the
Selling Stockholders. The Company intends to fund the share repurchase with
cash on hand.
Credit Suisse Securities (USA) LLC will act as underwriter for the offering.
An automatic shelf registration statement (including a prospectus) relating
to the offering of common stock was filed with the Securities and Exchange
Commission ("SEC") on March 25, 2014 and became effective upon filing.
Before you invest, you should read the prospectus in that registration
statement and the documents incorporated by reference in that registration
statement as well as the prospectus supplement related to this offering.
You may obtain these documents for free by visiting EDGAR on the SEC website
at www.sec.gov. When available, copies of the prospectus supplement and
accompanying prospectus related to the offering may also be obtained from
Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One
Madison Avenue, New York, New York 10010, or by telephone at +1 (800)
221-1037, or by email at newyork.prospectus@credit-suisse.com.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or other jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or other jurisdiction. No offer to buy
the securities can be accepted and no part of the purchase price can be
received until the registration statement has become effective, and any such
offer may be withdrawn or revoked, without obligation or commitment of any
kind, at any time prior to notice of its acceptance given after the
effective date.
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