Controlling shareholders of Sprouts Farmers Market are offering to sell another 15 million shares of stock, the Phoenix-based retailer said in an SEC filing.
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Sprouts will receive no proceeds from the offering, which will reduce the stake currently held by affiliates of Apollo Global Management, Sprouts’ largest shareholder.
Apollo in December sold more than 19 million shares and currently holds more than 37% of Sprouts’ stock.
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