Gaylord Entertainment Co.(GET) announced that it priced an underwritten secondary offering of about 5.64 million shares of its common stock held by TRT Holdings Inc., at a price to the public of $40.00 per share.
Gaylord Entertainment said it will not receive any proceeds from sales of common stock by the selling stockholder. The offering is scheduled to close on August 16, 2012, subject to customary closing conditions.
In addition, the company granted the underwriter an option exercisable for a period of 30 days commencing August 7, 2012, to purchase up to 846,469 additional shares of its common stock at the public offering price, less the underwriter's discount.
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