Francesca's Holding Corp. (FRAN: Quote) announced Wednesday a follow-on offering of 9 million shares of its common stock. These shares are being offered by selling stockholders, which includes certain members of management and directors of Francesca's Holding Corp. and certain affiliates of CCMP Capital Advisors, LLC.
The selling stockholders have granted a 30-day option to underwriters to purchase up to an additional 1.35 million shares.
Francesca Holdings will not receive any proceeds from this offering.
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by RTT Staff Writer
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