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.
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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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