Sally Beauty Holdings, Inc. (SBH: Quote) on announced the underwritten public offering of about 23.1 million shares of its common stock held by investment funds associated with Clayton, Dubilier & Rice, LLC.
It is expected that the investment funds associated with Clayton, Dubilier & Rice will no longer hold any shares of common stock of the company after giving effect to the offering.
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.
Credit Suisse Securities (USA) LLC is acting as the sole underwriter for the offering.
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by RTT Staff Writer
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