Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Shareholders Selling 7.4 Million Shares of Francesca's Holdings

A sizable block of Francesca's Holdings (NASDAQ: FRAN  ) stock is being sold by key shareholders in a secondary offering.

CCMP Capital Advisors and "certain members of management" of Francesca's are selling a total of just under 7.4 million shares, the company announced in a press release Tuesday. Following the sale, CCMP (offering 7.25 million of the shares) will hold no stake in the women's apparel retailer. It currently owns a 16.4% stake.

The selling stockholders include the company's chief merchandising officer, chief operating officer/president, and vice president of finance and investor relations.

In the press release announcing the move, Francesca's stressed that it will not receive any monies derived from the offering. It specified neither the price nor the timing of the sale.

The company currently has roughly 43.9 million shares outstanding, so 7.4 million shares is 16.9% of that total. Jefferies is the sole underwriter of the issue.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2336917, ~/Articles/ArticleHandler.aspx, 9/26/2016 4:50:42 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:00 PM
FRAN $15.13 Down -0.06 -0.39%
Francesca's Holdin… CAPS Rating: ***