Greenlight Capital sells 2.5 million common shares via Morgan Stanley
By Devika Patel
Knoxville, Tenn., Nov. 14 - Einstein Noah Restaurant Group, Inc. priced a $43.13 million secondary offering stock, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.
The selling shareholder, Greenlight Capital, Inc., will sell 2.5 million common shares at $17.25 apiece. The price per share reflects a 7.68% premium to the Nov. 13 closing share price of $16.02.
Morgan Stanley is the bookrunner.
Settlement is expected Nov. 18.
The operator and franchisor of coffee cafes is based in Lakewood, Colo.
Issuer: | Einstein Noah Restaurant Group, Inc.
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Issue: | Common stock
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Amount: | $43,125,000
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Shares: | 2.5 million
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Price: | $17.25
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Warrants: | No
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Bookrunner: | Morgan Stanley
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Pricing date: | Nov. 14
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Settlement date: | Nov. 18
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Stock symbol: | Nasdaq: BAGL
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Stock price: | $16.02 at close Nov. 13
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Market capitalization: | $284.42 million
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