Apollo selling down Sprouts holdings

Apollo selling down Sprouts holdings

Sprouts Farmers Markets said certain shareholders led by Apollo Capital Management would sell 15 million shares of its stock in a secondary offering.

The offering, at $30 per share, would reduce Apollo’s ownership stake in the Phoenix-based natural foods retailer from around 30.5% to 23%. Sprouts will receive no proceeds in the offering. A group of banks underwriting the deal have the option to buy up to 2.25 m

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish