MILWAUKEE — Shares of Roundy’s here dipped about 4% on Friday morning after the company filed to offer about 27.6 million shares of stock.
The parent of the Pick ’n Save, Rainbow, Copps and Mariano’s banners said it would offer 11 million shares, and other shareholders — including private equity firm Willis Stein and Partners, and some current executives — would offer about 16.6 million shares.
Willis Stein acquired Roundy’s in 2002 and sold off the company’s wholesale business before issuing an initial public offering last year, raising about $111.15 million.
Roundy's also recently proposed to issue $200 million in second-lein notes, with part of the proceeds going toward its planned purchase of 11 Dominick's stores in the Chicago market.
Read more: Mariano's Gains Share in Chicago
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