Market Commentary and Intraday News
Dollar General shareholders to sell 30M shares
234 days ago
(AP:GOODLETTSVILLE, Tenn.) Discount retailer Dollar General Corp. said Thursday that some of its shareholders plan to sell 30 million shares of its common stock in an underwritten secondary public offering.
No shares are being sold by the Goodlettsville, Tenn.-based company and it will not receive any of the proceeds.
Some of the selling shareholders have granted to the offering's underwriters an option to buy up to 4.5 million additional shares.
Citigroup, Goldman, Sachs & Co. and KKR are the offering's joint underwriters.
Dollar General shares fell $1.71, or 3.2 percent, to $51.15 in premarket trading. The stock closed Wednesday at $52.86, up 28.5 percent since the start of the year.
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