CD&R Reducing Sally Beauty Stake
October 12, 2011- Share:
Clayton, Dubilier & Rice is reducing its stake in Sally Beauty Holdings (NYSE: SBH), a specialty retailer and distributor of beauty supplies, through a secondary public offering of 15 million shares of common stock. BofA Merrill Lynch, Credit Suisse, Goldman Sachs and Barclays Capital are acting as the joint book-running managers. CD&R has backed Sally Beauty since 2006 and will hold about 38.7% of the company's common stock post-offering.
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